What's happening
This bill exempts eligible New York veterans from paying certain business and not-for-profit corporation fees for five years after honorable discharge.
Why it matters
Eases financial barriers for veterans starting businesses or nonprofits. By waiving certain state incorporation fees for five years post-discharge, the bill directly lowers up-front costs that can deter veterans from launching new ventures, potentially increasing veteran entrepreneurship and nonprofit activity in New York.
Broad definition of eligible veterans. The bill includes not just federal military veterans, but also members of the National Guard, reserves, and state militia called to duty, as long as they were honorably discharged and are New York residents, making the benefit widely accessible across different types of military service.
Promotes smoother transitions to civilian life. By providing this targeted economic support, the legislation aims to facilitate veterans’ reintegration into civilian society, encouraging self-employment and community engagement as viable post-service paths.
Requires proof and oversight. The exemption isn’t automatic—veterans must provide documentation as regulated by the Department of State, ensuring the policy is both targeted and protected against misuse.
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Who cares
Headline styles
Waive Fees for Veterans
Plain English, a few words. Used as the page title.
Sponsors
No co-sponsors yet.
History
- Referred to corporations, authorities and commissions
- Print number 2121a
- Amend and recommit to corporations, authorities and commissions
- Referred to corporations, authorities and commissions
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Waive Business Fees for Veterans
In Senate Committee · Veterans, Homeland Security And Military Affairs · Sponsor Brad Hoylman-Sigal
Full text
2 pagesUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
2121--A
2019-2020 Regular Sessions
IN ASSEMBLY
January 22, 2019
Introduced by M. of A. HUNTER -- read once and referred to the Committee on Corporations, Authorities and Commissions -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee
AN ACT to amend the business corporation law and the not-for-profit corporation law, in relation to exempting veterans from the payment of certain fees relating to corporations
The People of the State of New York, represented in Senate and Assembly, do enact as follows:
Section 1. The business corporation law is amended by adding a new section 104-B to read as follows: § 104-B. Veteran exemption from fees.
(a) As used in this section, "veteran" means a person who (1) served in the United States Army, Navy, Marine Corps, Air Force or Coast Guard or (2) has served on active duty or ordered to active duty as a member of the national guard or other reserve components of the United States Armed Forces or (3) is a member of the state militia and is called or ordered to active duty for the state, as defined in subdivision one of section six of the military law and was honorably discharged or released under honorable circumstances from such service, and such person is a resident of the state of New York at the time undertaking an action subject to a fee pursuant to section one hundred four-A of this article.
(b) Notwithstanding any other provision of law, no veteran shall be required to pay the fees otherwise required by section one hundred four-A of this article within five years of being honorably discharged or released under honorable circumstances from military service.
(c) Status as an eligible veteran pursuant to this section shall be documented pursuant to rules and regulations promulgated by the commissioner of the department of state.
§ 2. The not-for-profit corporation law is amended by adding a new section 104-B to read as follows:
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD04863-02-9
A. 2121--A 2
§ 104-B. Veteran exemption from fees.
(a) As used in this section, "veteran" means a person who (1) served in the United States Army, Navy, Marine Corps, Air Force or Coast Guard or (2) has served on active duty or ordered to active duty as a member of the national guard or other reserve components of the United States Armed Forces or (3) is a member of the state militia and is called or ordered to active duty for the state, as defined in subdivision one of section six of the military law and was honorably discharged or released under honorable circumstances from such service, and such person is a resident of the state of New York at the time undertaking an action subject to a fee pursuant to section one hundred four-A of this article.
(b) Notwithstanding any other provision of law, no veteran shall be required to pay the fees otherwise required by section one hundred four-A of this article within five years of being honorably discharged or released under honorable circumstances from military service.
(c) Status as an eligible veteran pursuant to this section shall be documented pursuant to rules and regulations promulgated by the commissioner of the department of state.
§ 3. This act shall take effect on the one hundred eightieth day after it shall have become a law.
Reflowed for reading: line numbers and page breaks removed. Cite the official text.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.