(TRENTON) – Legislation sponsored by Assembly Democrat Craig J. Coughlin to exempt veterans’ organizations which organize as corporation under the “New Jersey Nonprofit Corporation Act,” from paying the annual report filing fee was approved today by the Assembly Military and Veterans’ Affairs Committee.
“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.”
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.
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 now heads to the Assembly Speaker for further consideration.