New York S06716 allocates a percentage of fire insurance premium taxes to support the well-being of professional firefighters.

New York S06716 amends the insurance law to change the distribution of fire insurance premium taxes. It mandates that one percent of these taxes be paid to the New York State Professional Firefighters Association to promote, support, and maintain the well-being of paid professional firefighters. The remaining funds will be distributed as specified in existing law. This change will apply to all monies received by the superintendent of financial services starting April 1, 2026.

New York S06716 allocates a percentage of fire insurance premium taxes to support the well-being of professional firefighters.

New York S06716 amends the insurance law to change the distribution of fire insurance premium taxes. It mandates that one percent of these taxes be paid to the New York State Professional Firefighters Association to promote, support, and maintain the well-being of paid professional firefighters. The remaining funds will be distributed as specified in existing law. This change will apply to all monies received by the superintendent of financial services starting April 1, 2026.