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.
Summary
Bill A00527 amends the insurance law in New York regarding the distribution of the foreign and alien fire insurance premium tax. The bill specifies that payments received by the treasurer or fiscal officer of a fire department must be distributed to the fire companies within that department based on the number of active members in each company. This change aims to ensure a fairer allocation of funds among fire companies, reflecting their active participation in firefighting duties.
Impact
The bill modifies existing provisions of the insurance law to change how funds from the foreign and alien fire insurance premium tax are allocated to fire companies. By basing distribution on the number of active members, it seeks to enhance the financial support for fire companies that have a greater number of active firefighters, potentially impacting the operational capabilities of these companies and their ability to respond to emergencies.
Sentiment
The general sentiment surrounding Bill A00527 appears to be supportive, as it aims to provide a more equitable distribution of funds to fire companies. However, specific discussions or votes have not been documented, leaving the overall public and legislative sentiment somewhat unclear.
Contention
Notable points of contention may arise regarding how 'active members' are defined and counted, as this could affect the distribution of funds significantly. Some stakeholders may argue that the criteria for active membership should be more inclusive or that the distribution method may disadvantage smaller fire companies with fewer active members.
Same As
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.
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.
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.