Bill

Bill > S03404


NY S03404

NY S03404
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
01/31/2023
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 way the foreign and alien fire insurance premium tax is distributed to fire companies. Previously, the amount received was distributed equally among the fire companies in a fire department. The bill now requires the amount to be distributed in proportion to the number of active members within each fire company. An "active member" is defined as a member who participates in firefighting and is subject to call for assigned duties under the rules and regulations of the fire department or company.

Committee Categories

Business and Industry

Sponsors (2)

Last Action

REFERRED TO INSURANCE (on 01/03/2024)

Taxonomy

Banking, Finance, and Domestic Commerce
  • ‐ Insurance Regulation
Local Government
  • ‐ Police and Fire

bill text


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