(TRENTON) – The Senate Military and Veterans’ Affairs Committee advanced today legislation sponsored by Assembly Democrat Craig J. Coughlin that would exempt veterans’ organizations, which qualify as a corporation under the “New Jersey Nonprofit Corporation Act,” from paying the annual report filing fee.
Under current law, nonprofit corporations must pay a $25 annual report filing fee. Under the bill (A-3733), veterans’ organizations which organize as nonprofit corporation must still file the annual report required, but are exempted from the fee.
“Veteran organizations’ provide valuable services to our military returning home,” said Coughlin (D-Middlesex). “Removing some of government’s red tape is the least we can do to help them help others.”
The bill defined “veterans’ organization” to mean the American Legion, Veterans of Foreign Wars, or other veterans’ organizations charted under federal law, or any service foundations of an organization recognized in its bylaws.
The measure will now go to the Senate Speaker, who will decide when to post it for a floor vote.