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
This bill amends the Insurance Law provisions governing the distribution of fire insurance premium taxes collected by the Superintendent of Financial Services. Under current law, the statute directs most of the collected funds to localities and a portion to the Firemen’s Association of the State of New York for the support and maintenance of the firefighters’ home at Hudson. The bill changes that distribution formula by reducing the share going to the Firemen’s Association from 10 percent to 9 percent and adding a new 1 percent allocation to the New York State Professional Firefighters Association.
The new 1 percent payment is specifically intended to promote, support, and maintain the well-being of paid professional firefighters employed in New York State. The bill also makes conforming wording changes, including gender-neutral terminology and updated references to the affected organizations and statutory provisions. It applies to monies received on or after April 1, 2026, and takes effect immediately upon enactment.
Impact
The bill would amend section 9105 of the Insurance Law, changing how fire insurance premium tax revenues are distributed statewide. It would create a new statutory revenue stream for the New York State Professional Firefighters Association while slightly reducing the amount directed to the Firemen’s Association of the State of New York. Local distribution formulas for remaining funds would continue under existing law, so the main legal impact is the reallocation of a small portion of the statewide fire insurance premium tax proceeds among firefighter-related organizations.
Sentiment
No committee transcript or recorded vote information is provided, so there is no direct evidence of debate or opposition in the available record. Based on the bill text and caption, the measure appears supportive of firefighters, particularly paid professional firefighters, and is framed as a funding reallocation rather than a broad policy change. The overall sentiment suggested by the bill’s sponsors is favorable toward firefighter organizations and their welfare.
Contention
The principal point of contention, if any, would likely be the redistribution of a portion of fire insurance premium tax revenues away from the Firemen’s Association of the State of New York and toward the New York State Professional Firefighters Association. Stakeholders tied to the existing Hudson firefighters’ home funding may view the reduction from 10 percent to 9 percent as a loss, while professional firefighter advocates would likely support the new dedicated 1 percent allocation. Because no transcripts or votes are included, no specific objections or supporters are documented in the record provided.
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.