Bill Text: NY S04899 | 2015-2016 | General Assembly | Introduced
Bill Title: Relates to the payment of foreign fire insurance premium taxes by the Volunteer Exempt Firefighter's Benevolent Association of Manhasset-Lakeville.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Passed) 2015-12-11 - SIGNED CHAP.546 [S04899 Detail]
Download: New_York-2015-S04899-Introduced.html
S T A T E O F N E W Y O R K ________________________________________________________________________ 4899 2015-2016 Regular Sessions I N S E N A T E April 23, 2015 ___________ Introduced by Sen. MARTINS -- read twice and ordered printed, and when printed to be committed to the Committee on Local Government AN ACT to amend chapter 407 of the laws of 2014, relating to the incor- poration of the Volunteer Exempt Firefighter's Benevolent Association of Manhasset-Lakeville, in relation to the payment 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 407 of the laws of 2014, relating to 2 the incorporation of the Volunteer Exempt Firefighter's Benevolent Asso- 3 ciation of Manhasset-Lakeville, is amended to read as follows: 4 S 7. Precept for payment of foreign fire insurance premium taxes. Such 5 corporation shall collect and there shall be paid to it all taxes 6 imposed by article 91 of the insurance law for fire department use and 7 benefit, upon premiums for insurance against loss or damage by fire 8 covering property situated in the Manhasset-Lakeville Fire Department 9 fire protection district, in the town of North Hempstead, county of 10 Nassau, or within any duly organized territory in which the Manhasset- 11 Lakeville Fire Department is or may be obligated to render fire 12 protection. The officer of said corporation designated by its by-laws to 13 collect and receive the aforesaid tax shall have all the powers and be 14 subject to all the provisions of the insurance law, relating to treasur- 15 ers of fire departments. Such corporation shall also be entitled to 16 receive a share of the tax imposed by article 91 of the insurance law, 17 based upon the business written in the territory with respect to which 18 it is entitled to collect and receive the tax under article 91 of the 19 insurance law. [Such taxes shall only be used for the care and relief of 20 disabled or indigent volunteer and exempt volunteer firefighters and 21 their families.] 22 S 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD09752-01-5