Bill

Bill > A00172


NY A00172

NY A00172
Relates to the distribution of the foreign and alien fire insurance premium tax; provides amount received shall be distributed to the fire companies in proportion to the number of active members within each company.


summary

Introduced
01/04/2023
In Committee
01/03/2024
Crossed Over
Passed
Dead
12/31/2024

Introduced Session

2023-2024 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

AI Summary

This bill amends the Insurance Law to change the distribution of the foreign and alien fire insurance premium tax. Previously, the amount received was distributed to the fire companies constituting the fire department. Now, the amount will be distributed to the fire companies in proportion to the number of active members within each company. An "active member" is defined as a member who participates in firefighting and is subject to call for whatever duties may be assigned under the rules and regulations of the fire department or company.

Committee Categories

Business and Industry

Sponsors (3)

Last Action

referred to insurance (on 01/03/2024)

Taxonomy

Banking, Finance, and Domestic Commerce
  • ‐ Insurance Regulation
Law, Crime, and Family Issues
  • ‐ Police, Fire, and Law Enforcement

bill text


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