HB4783 ensures equal share of funds from the fire and casualty premium tax to all departments.
HB4783 amends the West Virginia Code to ensure equal distribution of funds from the fire and casualty premium tax to all departments. The bill mandates that 65 percent of the collected tax be deposited in the Municipal Pensions Security Fund, while 25 percent goes to the Fire Protection Fund for volunteer and part-volunteer fire companies and departments. The remaining 10 percent is allocated to the Municipal Police Officers and Firefighters Retirement System.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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