Page:United States Statutes at Large Volume 50 Part 1.djvu/701

 6 7 6 75TH CONGRESS, 1sT SESSION-CH. 69G---AUGUST 17, 1937 Revocation of li- cen se if stateme nt not filed. Tax rate on insur- ance companies. In l ieu of other ta xe s ; excep tions . °Net premium re- ceipts" defined . Mar ine insurance excluded . 42 Stat.401. Penalty for failure to pay. No nprofi t relie f as- sociations, exemption . Conflicting laws re- pea led . Title II I-Mot or vehicle fuel tax Act, amendment . SEC. 5. If any such company shall fail to file the annual statement herein required, the superintendent of insurance may thereupon revoke its license or certificate of authority to transact business in the District of Columbia . SEC. 6. All such companies shall also . pay to the collector of taxes of the District of Columbia a sum of money as taxes equal to 2 per centu m of its poli cy and members hip fees and net premium r eceipts on all insurance contracts on risks in the District of Columbia, said taxes to be paid before the 1st day of March of each year on the amount of income for the year ending December 31 next preceding . Such tax shall be in lieu of all other taxes except (1) taxes upon real estate, and (2) fees and charges provided for by the insurance l aws of the D istric t inc luding amend ments made to suc h laws by this title. "Net premium receipts" means gross premiums received less the sum of the follo wing 1 . Premium s returned on policies canc eled or not t aken ; 2 . Premiums paid for reinsurance where the same are paid to companies duly licensed to do business in the District ; and 3 . Dividends paid in cash or used by policyholders in payment of renewal premiums. Nothing contained in this section or in section s 1 or 7 of th is tit le shall appl y with respec t to marine in surance writt en within the said District and reported, taxed, and licensed under the pro- visions of the Act entitled "An Act to regulate marine insurance in the District of Columbia, and for other pur poses", appro ved March 4, 1922, as amended. SEC. 7. If any such company shall fail to pay the tax herein required, it shall be liable to the District of Columbia for the amount thereof, and in addition thereof a penalty of 8 per centum per month thereafter until paid. SEC. 8 . Nothing contained in this title shall apply to any relief association, not conducted for profit, composed solely of officers and enlisted men of the United States Army or Navy, or solely of employees of any other branch of the United States Government service or solely of employees of the District of Columbia govern- ment, or solel y of employee s of any indi vidual, compan y, firm, or corporation or to any fraternal organization which issues contracts of insurance e xclusively to its own memb ers. SEC. 9 . Any. Act or part of any Act insofar as it is inconsistent with the provisions of this title is hereby repealed. TITLE III-AMENDMENT TO MOTOR VEHICLE FUEL TAX ACT 43 Stat.106. SEc. 1. Section 1 of the Act of Congress entitled "An Act to provide for a tax on motor vehicle fuels sold within t he District of Columbia, and for other purposes", approved April 23, 1924, be, and the same h ereby is, ame nded to read as follows Tax on sales, etc ., "That a tax of 2 cents per gallon on all motor-vehicle fuels within by importers . the District of Columbia, sold or otherwise disposed of by an importer, or used by him in a motor vehicle operated for hire or for commercial purposes, shall be levied, collected, and paid in the manner hereinafter provided . Use of proceeds . "All proceeds of the taxes imposed under this Act, except as other- wise provided in section 10 hereof, and all moneys col lected from fees charged for the registration and titling of motor vehicles includ- ing fees charged for the issuance of permits to operate motor vehicles, shall be deposited in a special account in the Treasury of the United