Senate Bill S4543

2017-2018 Legislative Session

Relates to the distribution of fire insurance premium taxes

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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

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Bill Amendments

2017-S4543 - Details

See Assembly Version of this Bill:
A6260
Current Committee:
Senate Insurance
Law Section:
Insurance Law
Laws Affected:
Amd §9105, Ins L
Versions Introduced in Other Legislative Sessions:
2015-2016: S7033, A9432
2019-2020: S3811, A5783
2021-2022: S2863, A4093
2023-2024: S6269, A7160

2017-S4543 - 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.

2017-S4543 - Sponsor Memo

2017-S4543 - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   4543
 
                        2017-2018 Regular Sessions
 
                             I N  S E N A T E
 
                             February 17, 2017
                                ___________
 
 Introduced  by  Sen.  GOLDEN -- 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 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  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.
              

2017-S4543A (ACTIVE) - Details

See Assembly Version of this Bill:
A6260
Current Committee:
Senate Insurance
Law Section:
Insurance Law
Laws Affected:
Amd §9105, Ins L
Versions Introduced in Other Legislative Sessions:
2015-2016: S7033, A9432
2019-2020: S3811, A5783
2021-2022: S2863, A4093
2023-2024: S6269, A7160

2017-S4543A (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.

2017-S4543A (ACTIVE) - Sponsor Memo

2017-S4543A (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  4543--A
 
                        2017-2018 Regular Sessions
 
                             I N  S E N A T E
 
                             February 17, 2017
                                ___________
 
 Introduced  by  Sen.  GOLDEN -- read twice and ordered printed, and when
   printed to be committed to the Committee on Insurance  --  recommitted
   to the Committee on Insurance in accordance with Senate Rule 6, sec. 8
   --  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 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 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  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
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

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