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S1605Senate2019-2020 Session

Local Control of Fire Insurance Tax

Official title

“Relates to taxes on foreign fire insurance premiums”

Sponsor Neil D. BreslinSD-44Affects Finance
Status
In Senate Committee
Insurance
Impact
3/10
Low
Passage
0%

Bill progress

Step 2 of 7

In committee · Insurance

What's happening

This bill allows local governments in New York to repeal existing laws or charters that conflict with rules on foreign fire insurance premiums.

Why it matters

  1. Empowers Local Governments. This bill gives city, town, and village governments explicit authority to repeal their own local laws or charter provisions that conflict with state rules on the use of foreign fire insurance premiums, making it easier for localities to align with state law.

  2. Reduces Legal Ambiguity. By allowing for the repeal of conflicting local provisions, the bill aims to clarify legal responsibilities and reduce confusion for both local officials and fire departments regarding the handling of foreign fire insurance funds.

  3. Could Affect Fire Department Funding. Changes to how foreign fire insurance premiums are managed may impact the funding and financial practices of local fire departments, possibly altering how these funds are distributed or spent for fire service needs.

  4. Promotes Statewide Consistency. This amendment encourages uniform application of state law across New York, potentially reducing discrepancies between municipalities and strengthening oversight of fire insurance premium disbursement.

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Who cares

Headline styles

Local Control of Fire Insurance Tax

Plain English, a few words. Used as the page title.

Sponsors

Primary sponsor
Neil D. Breslin

Senator · Senate District 44

Chair, Insurance

No co-sponsors yet.

History

  1. Referred to insurance
  2. Referred to insurance

Full text

1 pageUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗

STATE OF NEW YORK

1605

2019-2020 Regular Sessions

IN SENATE

January 15, 2019

Introduced by Sen. BRESLIN -- read twice and ordered printed, and when printed to be committed to the Committee on Insurance

AN ACT to amend the insurance law, in relation to the disbursement of foreign fire insurance premiums

The People of the State of New York, represented in Senate and Assembly, do enact as follows:

Section 1. The insurance law is amended by adding a new section 9112 to read as follows:

§ 9112. Foreign fire insurance premiums. Notwithstanding any other provision of this law or any general, special or local law to the contrary, the governing body of any city, town or village may adopt by local law or charter provision the repeal of any existing local law or charter provision that is not in compliance with this article.

§ 2. This act shall take effect immediately.

EXPLANATION--Matter in italics (underscored) is new; matter in brackets

[ ] is old law to be omitted.

LBD06424-01-9

Reflowed for reading: line numbers and page breaks removed. Cite the official text.

Sponsor's memo

Title of bill

An act to amend the insurance law, in relation to the disbursement of foreign fire insurance premiums

Purpose

This bill would allow localities to adopt local laws to ensure compli- ance with article 91 of the state insurance law.

Summary of provisions

Section 1 adds a new section 9112 to the state insurance law to allow for cities, towns and villages to adopt local laws to ensure compliance with article 91 of the state insurance law, specifically related to foreign fire insurance.

Section 2 establishes the effective date.

Justification

Since 1989, the distribution and use of foreign fire insurance funds has been outlined under sections 9104 and 9205 of the state insurance law. However, there are local laws and special laws enacted by the legisla- ture that predate sections 9104 and 9105, many of which date back to the early 1900s and include terminology and various entities that are no longer in use.

This legislation would provide an avenue for local governments to update their antiquated and outdated laws related to the disbursement of foreign fire insurance.

Legislative history

S8911 of 2018

Fiscal implications

None.

Effective date

This act shall take effect immediately.

Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.