New Jersey A1339 raises the tax on fire insurance premiums from out-of-state insurers from two percent to three percent.

New Jersey A1339 amends the tax rate on fire insurance premiums collected by out-of-state insurers from two percent to three percent. This tax applies to premiums received or agreed to be paid by insurers not organized under New Jersey law for fire insurance policies on New Jersey properties. The tax revenue is directed to the Treasurer of the New Jersey State Firemen's Association, which then allocates the funds to the New Jersey Firemen's Home and local firemen's relief associations.

New Jersey A1339 raises the tax on fire insurance premiums from out-of-state insurers from two percent to three percent.

New Jersey A1339 amends the tax rate on fire insurance premiums collected by out-of-state insurers from two percent to three percent. This tax applies to premiums received or agreed to be paid by insurers not organized under New Jersey law for fire insurance policies on New Jersey properties. The tax revenue is directed to the Treasurer of the New Jersey State Firemen's Association, which then allocates the funds to the New Jersey Firemen's Home and local firemen's relief associations.