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 S05306 amends the insurance law regarding the distribution of foreign and alien fire insurance premium tax. The bill specifies that the funds 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. An 'active member' is defined as someone who participates in firefighting and is available for duty as per the department's regulations. This change aims to ensure a more equitable distribution of funds among fire companies, reflecting their active membership.
Impact
The bill impacts the distribution process of fire insurance premium tax revenues by introducing a proportional allocation based on active membership. This change could alter the financial dynamics within fire departments that consist of multiple companies, potentially benefiting those with higher active member counts. It updates existing statutes to align with this new distribution method, thereby affecting how fire departments manage their finances and resources.
Sentiment
The sentiment surrounding Bill S05306 appears to be generally supportive, as it aims to provide a fairer distribution of funds to fire companies based on their active personnel. However, there may be concerns from smaller fire companies that have fewer active members, as they could receive less funding compared to larger companies. The discussions have not indicated significant opposition, but the potential impact on smaller entities may warrant further examination.
Contention
Notable points of contention may arise from the implications of the new distribution formula, particularly from smaller fire companies that may feel disadvantaged by a system that favors larger companies with more active members. Stakeholders from various fire departments may have differing views on whether this change will ultimately benefit or harm their operational capabilities, leading to discussions on equity and resource allocation within the fire service community.
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.
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.
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.
Relates to the Volunteer and Exempt Firefighter's Benevolent Association of Albertson; changes "firemen" to "firefighters"; relates to the management and control as well as the usage of moneys received from foreign fire insurance companies by such association.
Establishes the Harris Hill Volunteer Fire Company Benevolent Association; provides for eligibility of membership, purpose, powers and duties, organization meeting and by-laws, the control and disposal of funds and property and the precept for payment of foreign fire insurance premium taxes.
Establishes the Harris Hill Volunteer Fire Company Benevolent Association; provides for eligibility of membership, purpose, powers and duties, organization meeting and by-laws, the control and disposal of funds and property and the precept for payment of foreign fire insurance premium taxes.
Relates to the use of moneys received from foreign fire insurance companies by the Bohemia Volunteer Firefighter's Benevolent Association, and to modernization of certain language by making such language gender neutral.
Relates to the use of moneys received from foreign fire insurance companies by the Bohemia Volunteer Firefighter's Benevolent Association, and to modernization of certain language by making such language gender neutral.