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Bill

S 7888

Relates to the use of foreign fire insurance premium taxes by the Ridge volunteer exempt firefighter's benevolent association

2025 Regular Session Introduced by Tony Palumbo

Bill S 7888 allows the Ridge volunteer firefighter's association to use foreign fire insurance taxes, boosting support for volunteer firefighters and their families.

PRINT NUMBER 7888A
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Bill Summary · S 7888

Summary of Bill S 7888

Bill Information

  • Bill Number: S 7888
  • Title: Relates to the use of foreign fire insurance premium taxes by the Ridge volunteer exempt firefighter's benevolent association
  • Status: PRINT NUMBER 7888A
  • Introduced: May 13, 2025
  • Classification: Bill

Purpose and Intent

Bill S 7888 aims to authorize the Ridge volunteer exempt firefighter's benevolent association to utilize funds collected from foreign fire insurance premium taxes. The intent is to provide financial support to the association, which plays a crucial role in supporting volunteer firefighters and their families in the Ridge community.

Key Provisions

  • Use of Funds: The bill specifically allows the Ridge volunteer exempt firefighter's benevolent association to allocate foreign fire insurance premium taxes for their operational and support needs.
  • Tax Allocation: The legislation clarifies how these funds can be used, ensuring they are directed towards enhancing the welfare of volunteer firefighters and their families.
  • Regulatory Compliance: The bill may include provisions that require the association to adhere to certain guidelines or reporting requirements regarding the use of these funds.

Affected Parties

  • Ridge Volunteer Exempt Firefighter's Benevolent Association: The primary beneficiary of this bill, which will gain access to additional financial resources.
  • Volunteer Firefighters and Their Families: The bill is designed to provide enhanced support and benefits to volunteer firefighters and their dependents, improving their welfare and financial security.

Legislative Actions and Timeline

  • Introduced: The bill was introduced on May 13, 2025, and referred to the Local Government Committee.
  • Amendments: On June 6, 2025, the bill was amended and recommitted to the Local Government Committee, resulting in the updated print number 7888A.

Related Legislation

  • Companion Bill: A 8525 serves as a companion bill, which may address similar issues or provide additional context regarding the use of foreign fire insurance premium taxes.

Conclusion

Bill S 7888 represents a significant step towards enhancing the financial support available to the Ridge volunteer exempt firefighter's benevolent association. By allowing the use of foreign fire insurance premium taxes, the bill aims to strengthen the resources available for volunteer firefighters and their families, ensuring their needs are met and their contributions to the community are recognized.

Compiled from official sources — confirm details with the bill’s official record.

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