CS/HB 1189 Summary

• Allows municipalities providing fire protection services to municipal services taxing units (MSUs) under interlocal agreements to receive property insurance premium tax revenues

• Authorizes MSUs entering into interlocal agreements for fire protection services to impose a 1.85 percent excise tax on property insurance premiums

• Requires municipalities and MSUs to provide certified copies of ordinances imposing taxes to the Division of Retirement of the Department of Management Services

• Permits municipalities and MSUs to revoke participation in the firefighters' pension trust fund program by rescinding the authorizing ordinance or resolution, with prior-received premium tax revenues continuing to benefit firefighters only

• Takes effect July 1, 2014