Updates provisions regarding the collection and use of foreign fire insurance premium taxes by the Centerport Volunteer Exempt Firefighter's.
The bill updates provisions regarding the collection and use of foreign fire insurance premium taxes by the Centerport Volunteer Exempt Firefighter's Benevolent Association. It amends the incorporation and membership criteria for the association, specifies the collection of taxes on premiums for insurance against loss or damage by fire, and outlines the use of these taxes for the association's purposes. The changes apply to taxes due on premiums received on or after January 1, 2027.
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