Bill
Bill > S03404
NY S03404
NY S03404Relates 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
01/31/2023
In Committee
01/03/2024
01/03/2024
Crossed Over
Passed
Dead
12/31/2024
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
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://www.nysenate.gov/legislation/bills/2023/S3404 | 01/31/2023 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=S03404&term=2023&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#S03404 | 01/31/2023 |
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