NEW YORK STATE ASSEMBLY MEMORANDUM IN SUPPORT OF LEGISLATION submitted in accordance with Assembly Rule III, Sec 1(f)
BILL NUMBER: A8525B
SPONSOR: Giglio TITLE OF BILL:
An act to amend chapter 521 of the laws of 2001 establishing the Ridge
volunteer exempt firefighter's benevolent association, and providing for
its powers and duties, in relation to the use of foreign fire insurance
premium taxes
PURPOSE OR GENERAL IDEA OF BILL:
This bill will amend chapter 521 of the laws of 2002 relating to incor-
porating the Ridge Volunteer Exempt Firefighter's Benevolent Associ-
ation, Inc. in relation to the usage of moneys received from foreign
fire insurance companies by the association.
SUMMARY OF PROVISIONS:
Section 1 of the bill amends. section 7 of the chapter 521 of the laws
of 2001 relating to the Precept paragraph of the Ridge Volunteer Fire-
fighter's Benevolent Association, Inc. to use taxes collected and paid
by section nine thousand one hundred four of the Insurance Law, as well
as a share of the tax imposed by section nine thousand one hundred five
of the Insurance Law, in the furtherance of its purposes as set forth in
section 3 of this article.
JUSTIFICATION:
Section 1: The Ridge Volunteer Exempt Firefighter's Benevolent Associ-
ation, Inc. receives Foreign Fire Insurance Premium Tax monies from the
New York State Insurance Department. Currently, they are authorized to
use such funds for the care and relief of disabled or indigent volunteer
and.exempt firefighters and their families. This legislation would
authorize the Association to use the funds in the furtherance of all
their statutory purposes, which also includes the maintenance of a suit-
able headquarters, and the promotion of fraternal intercourse among the
members thereof, and the promotion of the welfare of the volunteer fire
service in addition to the relief, aid and assistance of such members
and their families who are disabled or indigent. This act would amend
the chapter of law governing the operation of the Ridge Volunteer Exempt
Firefighter's Benevolent Association, Inc., in a manner similar to that
which has been done for other volunteer firefighters' benevolent associ-
ations so that it may more effectively attend to the well-being of the
association, its members and their families.
PRIOR LEGISLATIVE HISTORY:
New bill
FISCAL IMPLICATIONS FOR STATE AND LOCAL GOVERNMENTS:
None
EFFECTIVE DATE:
This act shall take effect immediately.
STATE OF NEW YORK
________________________________________________________________________
8525--B
2025-2026 Regular Sessions
IN ASSEMBLY
May 20, 2025
___________
Introduced by M. of A. GIGLIO -- read once and referred to the Committee
on Local Governments -- committee discharged, bill amended, ordered
reprinted as amended and recommitted to said committee -- ordered to a
third reading -- committed to the Committee on Ways and Means in
accordance with Rule 3, sec. 2 -- reference changed to the Committee
on Local Governments -- committee discharged, bill amended, ordered
reprinted as amended and recommitted to said committee
AN ACT to amend chapter 521 of the laws of 2001 establishing the Ridge
volunteer exempt firefighter's benevolent association, and providing
for its powers and duties, in relation to the use of foreign fire
insurance premium taxes
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Section 7 of chapter 521 of the laws of 2001 establishing
2 the Ridge volunteer exempt firefighter's benevolent association, and
3 providing for its powers and duties, as amended by chapter 525 of the
4 laws of 2001, is amended to read as follows:
5 § 7. Precept for payment of foreign fire insurance premium taxes. The
6 Ridge volunteer exempt firefighter's benevolent association shall
7 collect and there shall be paid to it all taxes imposed pursuant to
8 section 9104 of the insurance law for fire department use and benefit,
9 upon premiums for insurance against loss or damage by fire covering
10 property situated in the Ridge fire district in the town of Brookhaven,
11 county of Suffolk, or within any duly organized territory in which the
12 Ridge fire district is or may be obligated to render fire protection.
13 The officer of such corporation designated by its by-laws to collect and
14 receive the aforesaid tax shall have all the powers and be subject to
15 all the provisions of the insurance law, relating to treasurers of fire
16 departments. Such corporation shall also be entitled to receive a share
17 of the tax imposed by section 9105 of the insurance law, based upon the
18 business written in the territory with respect to which it is entitled
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD11981-04-6
A. 8525--B 2
1 to collect and receive the tax under section 9104 of the insurance law.
2 Such taxes shall only be used [for the care and relief of disabled or
3 indigent volunteer and exempt firefighters and their families] by the
4 corporation in furtherance of its purposes as set forth in section three
5 of this act.
6 § 2. This act shall take effect immediately; provided, however, that
7 the amendments to section 7 of chapter 521 of the laws of 2001 made by
8 section one of this act shall apply to taxes due on premiums received on
9 and after January 1, 2027.
