What's happening
This bill exempts honorably discharged veterans in New York from certain business and not-for-profit corporation fees for five years.
Why it matters
Broadens the definition of "veteran". to include not just federal military branches but also members of the National Guard, reserve components, and state militia who were honorably discharged—potentially extending benefits to a wider group than some existing veteran-focused laws.
Targets early-stage business formation costs. , aiming to reduce barriers for veterans looking to start or formalize a business or nonprofit within five years of discharge, which could foster higher rates of veteran entrepreneurship and nonprofit activity.
Requires state oversight and documentation. , as eligibility must be documented according to Department of State rules, ensuring the exemption is limited to qualifying individuals and minimizing potential abuse.
Highlights state-level support for veterans' economic reintegration. , positioning New York as proactive in helping veterans transition into civilian economic life, which may influence veteran migration or retention in the state.
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Who cares
Headline styles
Waive Business Fees for Veterans
Plain English, a few words. Used as the page title.
Sponsors
No co-sponsors yet.
History
- Referred to veterans, homeland security and military affairs
- Print number 595a
- Amend and recommit to finance
- Reported and committed to finance
- Referred to veterans, homeland security and military affairs
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 Fees for Veterans
In Assembly Committee · Corporations, Authorities And Commissions · Sponsor Pamela J. Hunter
Full text
2 pagesUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
595--A
2019-2020 Regular Sessions
IN SENATE (Prefiled)
January 9, 2019
Introduced by Sen. HOYLMAN -- read twice and ordered printed, and when printed to be committed to the Committee on Veterans, Homeland Security and Military Affairs -- reported favorably from said committee and committed to the Committee on Finance -- 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.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD04863-03-9
S. 595--A 2
(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: § 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.
Sponsor's memo
Title of bill
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
Purpose or general idea of bill
This legislation would exempt veterans from paying certain filing fees relating to the incorporation of a business.
Summary of specific provisions
Section 1 of the bill adds a new section 104-B to the business corpo- ration law to exempt veterans from certain fees outlined in section 104-A of the business corporation law within five years of being honor- ably discharged or released under honorable circumstances, and includes the definition of the word "veteran" as used in the new section.
Section 2 of the bill adds a new section 104-B to the not-for-profit corporation law to exempt veterans from certain fees outlined in section 104A of the not-for-profit corporation law within five years of being honorably discharged or released under honorable circumstances, and includes the definition of the word "veteran" as used in the new section.
Section 3 of the bill provides that this act shall take effect imme- diately.
Justification
Veterans of our nation's armed services provide an extraordinary service to our country by devoting their time, effort, and talents to protecting us from harm. We owe it to them to make sure that when their service is up, they are easily able to reintegrate into society and are given every opportunity to succeed, provide for themselves and their families, and contribute to New York's vibrant business community.
This legislation would waive business incorporation fees for veterans within five years of being honorably discharged or released under honor- able circumstances, so that they will face fewer administrative and financial barriers to starting and growing their own businesses when their military service is finished. It would send a strong message that New York State supports those individuals who have made an extraordinary sacrifice for their state and country, and encourage the growth of small businesses in our state.
Prior legislative history
S.0116 of 2017-2018 (Hoylman): Died in Veterans A.6835 of 2017-2018 (Hunter): Died in Corporations, Authorities & Commissions S.5529-A of 2015-2016 (Hoylman): Died in Corporations, Authorities, & Commissions
Fiscal implications
Minimal.
Effective date
This act shall take effect immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.