What's happening
This bill reallocates fire insurance premium taxes, giving 1% to the New York State Professional Firefighters Association for supporting paid firefighters.
Why it matters
Directs fire insurance premium tax funds to support paid professional firefighters. , not just volunteer firefighters or institutions, thereby potentially improving resources, training, and benefits for career firefighters across New York State.
Officially recognizes the New York State Professional Firefighters Association as a recipient of public funds. , which could strengthen their organizational capacity to advocate for health, safety, and labor standards for their members.
Slightly reduces the allocation to the Firemen's Association of the State of New York from 10% to 9%. , potentially shifting resources and focus to the unique needs and challenges faced by paid fire departments, which often operate in larger urban areas with different risks and service expectations.
Applies to all premium tax monies received after April 1, 2019. , meaning the change is ongoing and could set a precedent for future allocations or inspire similar legislative efforts in other states.
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Who cares
Headline styles
Change Fire Tax Distribution
Plain English, a few words. Used as the page title.
Sponsors
1 Co-sponsor
History
- Print number 6260a
- Amend and recommit to insurance
- 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.
Change Fire Tax Distribution
In Senate Committee · Insurance · Sponsor Martin J. Golden
Full text
2 pagesUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
6260--A
2017-2018 Regular Sessions
IN ASSEMBLY
March 1, 2017
Introduced by M. of A. ABBATE -- read once and referred to the Committee on Insurance -- recommitted to the Committee on Insurance in accordance with Assembly Rule 3, sec. 2 -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee
AN ACT to amend the insurance law, in relation to the distribution of fire insurance premium taxes
The People of the State of New York, represented in Senate and Assembly, do enact as follows:
Section 1. Paragraph 1 of subsection (d) of section 9105 of the insurance law, as amended by chapter 293 of the laws of 1988, is amended to read as follows:
(1) The amount of all monies which were received by the superintendent on or before the first day of April in each year under the provisions of this section or section nine thousand one hundred four of this article shall be distributed by him or her not later than the first day of July in such year, after adding any earnings resulting from the investment of such monies and deducting the expenses of collection and distribution. [Ten] Nine percent of such remaining monies received under this section shall be paid to the treasurer of the Firemen's Association of the State of New York for the support and maintenance of the firemen's home at Hudson, New York, and one percent of such remaining monies received under this section shall be paid to the treasurer of the New York State Professional Firefighters Association to promote, support and maintain the well-being of paid professional firefighters employed in the state of New York, and the balance shall be paid as specified in paragraph two [hereof] of this subsection, in amounts which will be that proportion of the balance so to be distributed which the total amount of fire insurance business written by foreign mutual fire insurance companies on property situated in such locality bears to the total amount of fire insurance business written by foreign mutual fire insurance companies on
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD08115-04-8
A. 6260--A 2
property situated in any and all of the protected localities in the state having treasurers or other fiscal officers as designated in paragraph two [hereof] of this subsection afforded fire protection by a fire department or fire company and upon which the tax provided in this section has been paid.
§ 2. This act shall take effect immediately and shall apply to all monies received by the superintendent of financial services pursuant to section 9105 of the insurance law commencing with those monies received on or after April 1, 2019.
Reflowed for reading: line numbers and page breaks removed. Cite the official text.
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