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NY A00172
Bill
Status
1/4/2023
Primary Sponsor
Amy Paulin
Click for details
AI Summary
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Amends Insurance Law sections 9104 and 9105 to change how foreign and alien fire insurance premium taxes are distributed among fire companies within a fire department.
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Requires distribution of funds to be based on the proportion of active members in each fire company, rather than the previous unspecified method.
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Defines "active member" as a member who participates in firefighting and is subject to call for duties assigned under the fire department or company's rules and regulations.
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Applies the new proportional distribution requirement to payments made by March 15 (section 9104) and July 15 (section 9105) of each year.
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Takes effect immediately upon enactment.
Legislative Description
Relates to the distribution of the foreign and alien fire insurance premium tax; provides amount received shall be distributed to the fire companies in proportion to the number of active members within each company.
Last Action
referred to insurance
1/3/2024