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Sponsors
No co-sponsors yet.
History
- Referred to insurance
- Referred to insurance
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Provides for a certain percentage of fire insurance premium taxes shall be paid for promotion and support of paid professional firefighters in New York state
In Assembly Committee · Insurance · Sponsor Peter Abbate
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
Title of bill
An act to amend the insurance law, in relation to the distribution of fire insurance premium taxes
Purpose or general idea of bill
This bill would include the New York State Professional Fire Fighters Association in the distribution of certain fire insurance premium taxes collected by the Superintendent of Insurance
Summary of specific provisions
Amends paragraph 1 of subdivision d of section 1905 of the Insurance Law to permit a distribution of five percent of certain fire insurance premium taxes collected by the Superintendent of Insurance to the New York State Professional Fire Fighters
Justification
A majority of the monies collected by the Superintendent of Insurance that represents fire insurance premium taxes is distributed to paid and volunteer fire companies. However, the present law required that ten percent of those monies be distributed to the umbrella organization (Firemen's Association of New York) for volunteer fire fighters. No similar distribution is made to the umbrella organization (New York State Professional Fire Fighters Association) for paid, professional fire fighters. The New York State Professional Fire Fighters Association represents over 25,000 paid fire fighters in 103 locals in various towns, cities and villages throughout New York State. The main purpose of this organization is to protect and enhance the working conditions and benefits for paid, professional fire fighters. Accordingly, it is only fair and equitable that the New York State Professional Fire Fighters Association share in the monies previously distributed exclusively to the Firemen's Association of New York.
Prior legislative history
2008 Session: No Senate introduction 2007 Session: No Senate introduction 2006 Session: S.4595 - referred to Insurance 2005 Session: S.4695 - new bill - referred to Insurance
Fiscal implications
None
Effective date
This act shall take effect immediately and shall apply to all monies received by the superintendent of insurance pursuant to section 9105 of the insurance law on or before April 1, 2009.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.