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Bill > S02950


NY S02950

NY S02950
Relates to the distribution of the foreign and alien fire insurance premium tax; amount received shall be distributed to the fire companies in proportion to the number of active members within each company.


summary

Introduced
01/31/2019
In Committee
01/08/2020
Crossed Over
Passed
Dead
12/31/2020

Introduced Session

2019-2020 General Assembly

Bill Summary

AN ACT to amend the insurance law, in relation to the distribution of the foreign and alien fire insurance premium tax The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1

AI Summary

This bill amends the insurance law in New York to change the distribution of the foreign and alien fire insurance premium tax. Beginning on the effective date of the bill, the amount received from this tax will be distributed to fire companies in proportion to the number of active members within each company. The term "active member" is defined as a member who participates in firefighting and is subject to call for duties assigned under the rules and regulations of the fire department or company. This change in distribution replaces the previous method of distributing the funds to fire companies constituting the fire department.

Committee Categories

Business and Industry

Sponsors (2)

Last Action

PRINT NUMBER 2950A (on 01/17/2020)

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