New York A06977 amends the insurance law to increase the fire insurance premium tax on foreign and alien insurers.

New York A06977 amends the insurance law to increase the fire insurance premium tax on foreign and alien insurers. The tax rate changes from one dollar to two dollars and eighty cents per hundred dollars of premiums. This change applies to insurers operating outside the cities of New York and Buffalo, excluding foreign mutual fire insurance companies. The amendment takes effect on January 1 of the year following its enactment.

New York A06977 amends the insurance law to increase the fire insurance premium tax on foreign and alien insurers.

New York A06977 amends the insurance law to increase the fire insurance premium tax on foreign and alien insurers. The tax rate changes from one dollar to two dollars and eighty cents per hundred dollars of premiums. This change applies to insurers operating outside the cities of New York and Buffalo, excluding foreign mutual fire insurance companies. The amendment takes effect on January 1 of the year following its enactment.