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NY S07973
Bill
Status
9/21/2020
Primary Sponsor
Kenneth LaValle
Click for details
AI Summary
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Expands the purposes of the Port Jefferson Volunteer Firemen's Benevolent Association to include promoting welfare, health, safety, and morale of volunteer members through social and recreational activities.
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Changes the use of foreign fire insurance premium taxes collected under Insurance Law sections 9104 and 9105 from relief of disabled or indigent firemen to broader uses in furtherance of all corporation purposes.
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Updates references in the Insurance Law from sections 553 and 554 to sections 9104 and 9105, reflecting statutory renumbering.
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Makes amendments to tax use provisions effective for premiums received on or after January 1, 2021, while other amendments take effect immediately.
Legislative Description
Relates to incorporating the Port Jefferson Volunteer Firemen's Benevolent Association, in relation to its purpose and the use of foreign fire insurance premium taxes.
Last Action
SIGNED CHAP.194
9/21/2020