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.
Summary
Bill A03786 amends the insurance law regarding the distribution of fire insurance premium taxes in New York State. Specifically, it modifies the allocation of funds received by the superintendent of financial services from fire insurance premiums. The bill stipulates that 9% of these funds will be directed to the New York State Professional Firefighters Association to support the well-being of paid professional firefighters, while 1% will be allocated to the treasurer of the Firefighters Association of the State of New York for the maintenance of the firefighter's home in Hudson, New York. The remaining funds will be distributed based on the proportion of fire insurance business written in various localities.
Impact
The bill impacts the distribution of fire insurance premium taxes by ensuring a dedicated percentage of these funds is used to support professional firefighters in New York. This change may enhance the financial resources available for firefighter welfare and support services, potentially leading to improved conditions for firefighters across the state. The bill will take effect immediately for funds received on or after April 1, 2026, thereby establishing a new financial framework for future allocations.
Sentiment
The sentiment around Bill A03786 appears to be generally supportive, particularly among stakeholders in the firefighting community who advocate for better funding and resources for professional firefighters. However, there may be some concerns regarding the overall impact on the distribution of funds and whether the changes will adequately address the needs of all fire protection services in the state.
Contention
Notable points of contention may arise regarding the percentage allocations specified in the bill, particularly from those who believe that the distribution should be more equitable among various fire departments and associations. Some stakeholders may argue that the focus on professional firefighters could detract from the needs of volunteer fire departments or other emergency services, leading to a debate on the best use of fire insurance premium taxes.
Same As
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.
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.
Relates to the Nesconset Volunteer Exempt Firefighter's Benevolent Association; provides for the purpose of such association, and its use of foreign fire insurance premium taxes.
Relates to the Nesconset Volunteer Exempt Firefighter's Benevolent Association; provides for the purpose of such association, and its use of foreign fire insurance premium taxes.
Relates to the purpose of the Macedon Center Volunteer and Exempt Firefighter's Benevolent Association, Inc., and the use of foreign fire insurance premium taxes.
Expands the purposes of the volunteer and exempt firefighters' benevolent association of Thornwood, New York; provides for the payment to it of certain taxes imposed upon premiums on policies of fire insurance in foreign insurance companies.
Updates provisions regarding the collection and use of foreign fire insurance premium taxes by the Centerport Volunteer Exempt Firefighter's Benevolent Association.
Updates provisions regarding the collection and use of foreign fire insurance premium taxes by the Centerport Volunteer Exempt Firefighter's Benevolent Association.
Relates to the purpose of the Macedon Center Volunteer and Exempt Firemen's Benevolent Association, Inc., and the use of foreign fire insurance premium taxes.