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Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
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| Jan 03, 2024 |
referred to insurance |
| Apr 10, 2023 |
referred to insurance |
Senate Bill S6269
2023-2024 Legislative Session
Sponsored By
(D) 26th Senate District
Archive: Last Bill Status - In Senate Committee Insurance Committee
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
co-Sponsors
(D, WF) 48th Senate District
2023-S6269 (ACTIVE) - Details
2023-S6269 (ACTIVE) - Summary
Relates to the distribution of fire insurance premium taxes; provides that a percentage of fire insurance premium taxes be paid to the treasurer of the NYS Professional Firefighters Association to promote, support and maintain the well-being of paid professional firefighters employed in the state.
2023-S6269 (ACTIVE) - Sponsor Memo
BILL NUMBER: S6269
SPONSOR: GOUNARDES
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:
To apportion funds raised from taxes on mutual fire insurance companies
for maintaining and supporting the well-being of paid professional fire-
fighters in New York.
SUMMARY OF PROVISIONS:
Section one of this bill amends subsection (d) of Section 9105 of the
insurance law by requiring one percent of "remaining monies" of a 2% tax
on fire insurance premiums be paid to the treasurer of the New York
State Professional Firefighters Association in order to promote,
support, and maintain the well-being of New York paid professional fire-
fighters.
2023-S6269 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K
________________________________________________________________________
6269
2023-2024 Regular Sessions
I N S E N A T E
April 10, 2023
___________
Introduced by Sen. GOUNARDES -- 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 distribution of
fire insurance premium taxes
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Paragraph 1 of subsection (d) of section 9105 of the insur-
ance 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] THEM 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 insur-
ance 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
property situated in any and all of the protected localities in the
state having treasurers or other fiscal officers as designated in para-
graph two [hereof] OF THIS SUBSECTION afforded fire protection by a fire
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD10739-02-3
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