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S07498 Summary:

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S07498 Text:

 
                STATE OF NEW YORK
        ________________________________________________________________________
 
            S. 7498                                                  A. 9677
 
                SENATE - ASSEMBLY
 
                                      May 15, 2014
                                       ___________
 
        IN SENATE -- Introduced by Sen. MARTINS -- read twice and ordered print-
          ed, and when printed to be committed to the Committee on Local Govern-
          ment
 
        IN  ASSEMBLY  --  Introduced by M. of A. RA -- read once and referred to
          the Committee on Local Governments
 
        AN ACT to amend the Nassau county civil divisions act,  in  relation  to

          the  New Hyde Park exempt volunteer firemen's association, inc. 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  542.0 of section 1 of chapter 273 of the laws of
     2  1939, constituting the Nassau county civil divisions act, as amended  by
     3  chapter 73 of the laws of 1940, is amended to read as follows:
     4    §  542.0  Precept for payment of foreign fire insurance premium taxes.
     5  a.  The New Hyde Park Exempt Volunteer Firemen's  Association,  Inc.,  a
     6  domestic  membership corporation of New Hyde Park, in the towns of Hemp-
     7  stead and North Hempstead, shall collect and there shall be paid  to  it
     8  all  tax imposed by section [five hundred fifty-three] nine thousand one

     9  hundred four of the insurance law upon  premiums  on  policies  of  fire
    10  insurance  covering  property situated within the limits of the New Hyde
    11  Park fire district in the towns of Hempstead  and  North  Hempstead,  as
    12  such  district  now  is  or may hereafter be established or extended, or
    13  within any duly organized territory in which the fire department of such
    14  fire district is obligated to render fire protection.
    15    b. Such corporation shall use any such taxes so collected or  paid  to
    16  it,  for  the care of sick, disabled or indigent members of the New Hyde
    17  Park fire department and of such corporation and  their  families.  Such
    18  corporation,  however,  shall remit such percentage of all such taxes so
    19  collected or paid to it, to the treasurer of the  firemen's  association
    20  of the state of New York, as may be required by the insurance law.

    21    c.  The  officer  of  such  corporation  designated  by its by-laws to
    22  collect and receive the aforesaid tax shall have all the powers  and  be
    23  subject to all the provisions of section [five hundred fifty-three] nine
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD15175-01-4
        S. 7498                             2                            A. 9677
 
     1  thousand  one  hundred four of the insurance law, relating to treasurers
     2  of fire departments.
     3    d.  Such  corporation shall also be entitled to receive a share of the
     4  tax imposed by section  [five  hundred  fifty-four]  nine  thousand  one

     5  hundred  five  of  the insurance law, based upon the business written in
     6  the territory with respect to  which  it  is  entitled  to  collect  and
     7  receive  the  tax under section [five hundred fifty-three] nine thousand
     8  one hundred four of the insurance law, and to use same for the  care  of
     9  sick,  disabled  or indigent members of such fire department and of such
    10  corporation and their families.
    11    § 2. This act shall take effect immediately.