MS HB883

Increases the tax on gross premium receipts from fire insurance policies from one-half of one percent (1/2 of 1%) to one percent (1%) to support the State Fire Academy.

Applies the increased tax to fire insurance and fire components of automobile insurance, dwelling multiple peril insurance, farm multiple peril insurance, and commercial multiple peril insurance.

For indivisible multiple peril policies without specified fire portions, applies the one percent tax to 45% of gross premium receipts.

Expands the State Fire Academy Fund to cover expenses and costs associated with training Mississippi fire fighter personnel, with funds transferred monthly by the State Treasurer.

Takes effect July 1, 2013.