Imposes a tax on out-of-state transfers, dividends, payments, and loans by certain accident and health insurance companies and health maintenance organizations
Summary
Imposes a tax on out-of-state transfers, dividends, payments, and loans by certain accident and health insurance companies and health maintenance organizations to be deposited in the New York state agency trust fund, distressed provider assistance account.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2025
Committee Review
Floor Vote
Governor
Introduced Jan 30, 2025
Last action Mar 24, 2026
Maddy AI version diff · 1 comparison
What changed between versions
S3814
→
S3814A
·
3 edits
MINOR
The bill was amended to add four new sponsors and recommit the legislation to the Insurance Committee for further review. The most significant substantive change is the effective date of the new tax; it was moved from April 1, 2025, to April 1, 2026, delaying when the tax on out-of-state transfers by insurers begins to apply.
Scope change
The bill's scope regarding the tax itself remains unchanged, but the timeline for its application has been extended by one year.
TIMELINE
The effective date for the new tax on out-of-state transfers was changed from April 1, 2025, to April 1, 2026.
REQUIREMENT
The bill was recommitted to the Committee on Insurance for further action, indicating the legislation is still under review and has not yet been finalized.
TECHNICAL
Four additional senators (Fernandez, Scarcella-Spanton, and Zellner) were added to the list of bill sponsors.
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
4
Key actions
2
Committee
2
Amendments
2
Mar 24, 2026
Upper · Passed
PRINT NUMBER 3814A
upper
Mar 24, 2026
Upper · Passed
AMEND AND RECOMMIT TO INSURANCE
upper
Jan 7, 2026
Committee
REFERRED TO INSURANCE
upper
Jan 30, 2025
Committee
REFERRED TO INSURANCE
upper
1 primary · 4 co-sponsors
Sponsors
Ask Maddy
·
AI policy assistant
Ask Maddy about S 3814
Scope: NY
Hi! I can help you understand S 3814. What would you like to know?
Try one of these
i
Maddy answers using official bill text and legislative records. Always verify before sharing.
Sources cited inline