Home/Bills/A 6977New York · 2025–2026 Legislative Session
Assembly BillIntroduced

A 6977: Increases the fire insurance premium tax on foreign and alien insurers.

New York · Assembly · 2025–2026 Legislative Session · last verified January 8, 2026

What A 6977 does, verified January 8, 2026

The bill aims to amend the insurance law to require foreign and alien fire insurance corporations, associations, or individuals to pay a fire insurance premium tax. This tax is payable on or before March 1st of each year and is calculated at a rate of $2.80 on every $100 of premiums received by the insurer during the year. The tax applies to insurers writing fire insurance policies on property within the cities of New York and Buffalo, as well as other municipalities. The tax will take effect on January 1st of the year following the bill's enactment.

Bill journey
1IntroducedCurrent
2In CommitteePending
3First Chamber FloorPending
4Second ChamberPending
5GovernorPending
6ChapteredPending
Last action: referred to insurance (2026-01-07)Alert me
Quick answers about A 6977
What is the current status of A 6977?
As of January 8, 2026, A 6977 is recorded as "Introduced": it has been introduced and is waiting for its first committee hearing or floor vote. The last recorded action, on January 7, 2026, was "referred to insurance".
Did A 6977 pass?
Not yet. A 6977 has been introduced and has not passed either house.
Who wrote A 6977, and where is it now?
A 6977 was authored by Asm. Carrie Woerner. Its committee of record is Assembly Insurance.
Recent actions2 total · showing 2
Jan. 07, 2026referred to insurance
Mar. 18, 2025referred to insurance
Latest bill textIntroduced version, March 18, 2025 · 297 words
  
  STATE OF NEW YORK ________________________________________________________________________ 6977 2025-2026 Regular Sessions  IN ASSEMBLY March 18, 2025 ___________ Introduced by M. of A. WOERNER -- read once and referred to the Commit- tee on Insurance AN ACT to amend the insurance law, in relation to the fire insurance premium tax on foreign and alien insurers The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. The opening paragraph of subsection (a) of section 9104 of 2 the insurance law, as amended by chapter 293 of the laws of 1988, is 3 amended to read as follows: 4 Except in the cities of New York and Buffalo, there shall be paid by 5 every foreign and alien fire insurance corporation, association or indi- 6 viduals which insure property against loss or damage by fire, except 7 foreign mutual fire insurance companies, on or before the first day of 8 March the sum of [one dollar] two dollars and eighty cents upon the 9 hundred dollars, and at that rate, upon the amount of all premiums which 10 during the year, or part of a year, ending on the last preceding thir- 11 ty-first day of December, shall have been received by any such insurer 12 for any insurance against loss or damage by fire written by it upon 13 property situated within each city, village, fire district, or fire 14 alarm district, or fire protection district to: 15 § 2. This act shall take effect on the first of January next succeed- 16 ing the date on which it shall have become a law. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD10289-01-5 
Text of A 6977 as introduced, from the official record. Connect Plus keeps every version and highlights what changed.Compare versions
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