New York S05306 amends the insurance law to change how the foreign and alien fire insurance premium tax is distributed to fire companies.

New York S05306 modifies the insurance law to alter the distribution of the foreign and alien fire insurance premium tax. Effective from the 2025 legislative amendments, the tax amount will be distributed to fire companies based on the number of active members within each company. An "active member" is defined as someone who participates in firefighting and is subject to call for duties under the fire department's rules and regulations.

New York S05306 amends the insurance law to change how the foreign and alien fire insurance premium tax is distributed to fire companies.

New York S05306 modifies the insurance law to alter the distribution of the foreign and alien fire insurance premium tax. Effective from the 2025 legislative amendments, the tax amount will be distributed to fire companies based on the number of active members within each company. An "active member" is defined as someone who participates in firefighting and is subject to call for duties under the fire department's rules and regulations.