SB1006 amends the fire and casualty insurance premium tax allocation in West Virginia.

SB1006 amends the allocation of revenues from the fire and casualty insurance premium tax in West Virginia. The bill specifies that the tax proceeds are to be distributed to municipal policemen's and firemen's pension and relief funds, the Teachers Retirement System Reserve Fund, and volunteer and part-volunteer fire companies and departments. It also addresses the allocation of funds to the Municipal Pensions and Protection Fund, ensuring that any overpayments made to relief and pension funds are not subject to recovery or litigation.

SB1006 amends the fire and casualty insurance premium tax allocation in West Virginia.

SB1006 amends the allocation of revenues from the fire and casualty insurance premium tax in West Virginia. The bill specifies that the tax proceeds are to be distributed to municipal policemen's and firemen's pension and relief funds, the Teachers Retirement System Reserve Fund, and volunteer and part-volunteer fire companies and departments. It also addresses the allocation of funds to the Municipal Pensions and Protection Fund, ensuring that any overpayments made to relief and pension funds are not subject to recovery or litigation.