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S07888 Summary:

BILL NOS07888A
 
SAME ASSAME AS A08525-A
 
SPONSORPALUMBO
 
COSPNSR
 
MLTSPNSR
 
Amd §7, Chap 521 of 2001
 
Relates to the use of foreign fire insurance premium taxes by the Ridge volunteer exempt firefighter's benevolent association.
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S07888 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                         7888--A
 
                               2025-2026 Regular Sessions
 
                    IN SENATE
 
                                      May 13, 2025
                                       ___________
 
        Introduced  by  Sen. PALUMBO -- read twice and ordered printed, and when
          printed to be committed  to  the  Committee  on  Local  Government  --
          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
    19  to collect and receive the tax under section 9104 of the insurance  law.
    20  Such  taxes  shall  only be used [for the care and relief of disabled or
    21  indigent volunteer and exempt firefighters and their  families]  by  the
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD11981-03-5

        S. 7888--A                          2
 
     1  corporation in furtherance of its purposes as set forth in section three
     2  of this act.
     3    §  2.  This act shall take effect immediately; provided, however, that
     4  the amendments to section 7 of chapter 521 of the laws of 2001  made  by
     5  section one of this act shall apply to taxes due on premiums received on
     6  and after January 1, 2026.
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