Bill > S06716

This bill amends the insurance law to modify how fire insurance premium taxes are distributed. Specifically, it changes the percentage of remaining monies received from fire insurance premiums from 10% to 9% paid to the Firefighters Association of the State of New York for supporting their home in Hudson, and adds a new provision to allocate 1% of those remaining monies to the New York State Professional Firefighters Association. This new 1% allocation is specifically intended to promote, support, and maintain the well-being of paid professional firefighters employed in New York State. The bill updates language to use gender-neutral terminology (changing "him" to "them") and modernizes terminology (changing "Firemen's" to "Firefighters"). The changes will take effect immediately and apply to monies received by the superintendent of financial services on or after April 1, 2026, ensuring a modest but meaningful financial boost for professional firefighters' support and welfare.

Business and Industry

https://www.nysenate.gov/legislation/bills/2025/S6716