AN ACT relating to the volunteer firefighter, EMT and search and rescue pension account; specifying distribution of fire insurance premium taxes to the account; providing an appropriation; and providing for an effective date.
BudgetHealthcareLaborTaxes
Enacted
This bill passed the Legislature and reached final enactment based on the latest official action.
Sponsor
Representative Newsome
Last action
2023-02-28
Official status
enrolled
Effective date
7/1/2023
Plain English Breakdown
The bill summary and text do not provide details on future funding limits or usage of the additional funds beyond July 1, 2023.
Volunteer Firefighter Pension Funding
This law changes how fire insurance taxes are distributed between a pension fund for volunteer firefighters, EMTs, and search and rescue workers and another account, and adds $9 million to the pension fund.
What This Bill Does
Changes how much of the tax from fire insurance goes into the pension account for volunteer firefighters, EMTs, and search and rescue workers.
Adds nine million dollars ($9,000,000.00) to the pension account for these volunteers.
Who It Names or Affects
Volunteer firefighters
Emergency medical technicians (EMTs)
Search and rescue workers
Terms To Know
Pension account
A fund that collects money to pay for retirement benefits.
Fire insurance premium tax
Money collected from companies selling fire insurance.
Limits and Unknowns
It is unclear if there are any limits on when or how much money can go into the pension account after July 1, 2023.
Amendments
These notes stay tied to the official amendment files and metadata from the legislature.
Plain English: The amendment changes the amount of money to be distributed from nine million dollars to four million five hundred thousand dollars for the volunteer firefighter, EMT and search and rescue pension account.
Reduces the distribution amount from $9,000,000.00 to $4,500,000.00.
Standing Committee • House Appropriations Committee
Failed
Plain English: The amendment removes language about providing an appropriation and deletes specific sections of the bill related to funding for volunteer firefighter pensions.
Removes the phrase 'providing an appropriation' from the bill's title.
Deletes lines 12 through 15 on page 3, which likely contain details about how funds are allocated or appropriated.
Changes 'Section 3.' to 'Section 2.' in line 17 of page 3.
The exact content and implications of the deleted lines cannot be determined from the provided amendment text alone.
Plain English: The amendment changes the amount of money to be distributed from four million five hundred thousand dollars to nine million dollars for the volunteer firefighter, EMT and search and rescue pension account.
Increases the distribution amount from $4,500,000.00 to $9,000,000.00.
Bill History
2023-02-28LSO
Assigned Chapter Number 133
2023-02-28Governor
Governor Signed HEA No. 0060
2023-02-24Senate
S President Signed HEA No. 0060
2023-02-23House
H Speaker Signed HEA No. 0060
2023-02-23LSO
Assigned Number HEA No. 0060
2023-02-22House
H Concur:Recede from Non-Concurrence pursuant to JR 2-4 Passed by Roll Call 40-21-1-0-0
2023-02-22Senate
S Appointed JCC01 Members
2023-02-21House
H Appointed JCC01 Members
2023-02-21House
H Concur:Failed 31-31-0-0-0
2023-02-21House
H Received for Concurrence
2023-02-17Senate
S 3rd Reading:Passed 27-2-1-0-1
2023-02-16Senate
S 2nd Reading:Passed
2023-02-15Senate
S COW:Passed
2023-02-15Senate
S Placed on General File
2023-02-15Senate
S02 - Appropriations:Recommend Amend and Do Pass 4-1-0-0-0
2023-02-09Senate
:Refer to S02 - Appropriations
2023-02-09Senate
S Introduced and Referred to S03 - Revenue
2023-02-09Senate
S Received for Introduction
2023-02-08House
H 3rd Reading:Passed 48-14-0-0-0
2023-02-07House
H 2nd Reading:Passed
2023-02-06House
H COW:Passed
2023-01-30House
H Placed on General File
2023-01-30House
H02 - Appropriations:Recommend Amend and Do Pass 6-1-0-0-0
2023-01-27House
:Rerefer to H02 - Appropriations
2023-01-27House
H09 - Minerals:Recommend Do Pass 7-2-0-0-0
2023-01-16House
H Introduced and Referred to H09 - Minerals
2023-01-12House
H Received for Introduction
2023-01-12LSO
Bill Number Assigned
Official Summary Text
Bill Summary - 23LSO-0462
Bill No.:
HB0118
Effective:
7/1/2023
LSO No.:
23LSO-0462
Enrolled Act No.:
HEA No. 0060
Chapter No.:
133
Prime Sponsor:
Newsome
Catch Title:
Volunteer firefighter pension-funding.
Subject:
Volunteer firefighter, EMT and search and rescue pension account.
Summary/Major Elements:
This act clarifies the distribution of the gross premium tax on fire insurance premiums between the volunteer firefighter, EMT and search and rescue pension account and the Fire A legislative reserve account.
This act appropriates additional funds to the volunteer firefighter, EMT and search and rescue pension account.
The above summary is not an official publication of the Wyoming Legislature and is not an official statement of legislative intent.
While the Legislative Service Office endeavored to provide accurate information in this summary, it should not be relied upon as a comprehensive abstract of the bill.
Current Bill Text
Read the full stored bill text
23LSO-0462
ORIGINAL House
ENGROSSED
Bill No
.
HB0118
ENROLLED ACT NO. 60,
HOUSE OF REPRESENTATIVES
SIXTY-SEVENTH LEGISLATURE OF THE STATE OF WYOMING
2023 General Session
AN ACT relating to the volunteer firefighter, EMT and search and rescue pension account; specifying distribution of fire insurance premium taxes to the account; providing an appropriation; and providing for an effective date.
Be It Enacted by the Legislature of the State of Wyoming:
Section 1.
W.S. 26
‑
4
‑
102(b)(ii) is amended to read:
26
‑
4
‑
102.
Record of receipts; payment to treasurer; credit to fund.
(b)
The commissioner shall promptly deposit all monies he receives from any charges to the general fund, with receipt and acknowledgement submitted to the state treasurer, except that:
(ii)
Sixty percent (60%) of
T
he gross premium tax levied upon fire insurance premiums shall be deposited by the state treasurer
in the volunteer firefighter, EMT and search and rescue pension account pursuant to W.S. 35
‑
9
‑
628 and forty percent (40%) of the gross premium tax levied upon fire insurance premiums shall be deposited by the state treasurer in the Fire A legislative reserve account created by W.S. 15
‑
5
‑
202(e)
as provided in this paragraph
. For purposes of this paragraph, the gross premium tax levied upon fire insurance premiums is equal to thirty percent (30%) of the total gross premium tax levied upon all property, casualty and multiple line insurers
.
;
The gross premium tax levied upon fire insurance premiums shall be deposited as follows:
(A)
Up to one hundred percent (100%) of the gross premium tax, less any amount deposited under subparagraph (B) of this paragraph, shall be deposited by the state treasurer in the volunteer firefighter, EMT and search and rescue pension account pursuant to W.S. 35
‑
9
‑
628;
(B)
Forty percent (40%) of the gross premium tax shall be deposited by the state treasurer in the Fire A legislative reserve account created by W.S. 15
‑
5
‑
202(e), provided that no deposit shall be made under this subparagraph on and after the date that the firemen plan A as defined in W.S. 15
‑
5
‑
211(a)(i) has no remaining members receiving benefits.
Section 2
.
There is appropriated nine million dollars ($9,000,000.00) from the general fund to the volunteer firefighter, EMT and search and rescue pension account created by W.S. 35
‑
9
‑
617(a).
Section 3
.
This act is effective July 1, 2023
.
(END)
Speaker of the House
President of the Senate
Governor
TIME APPROVED: _________
DATE APPROVED: _________
I hereby certify that this act originated in the House.
Chief Clerk
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