The General Assembly on Thursday advanced legislation sponsored by Assembly Democrats Craig J. Coughlin, Gordon Johnson and Bob Andrzejczak to exempt veterans’ organizations which organize as corporations under the “New Jersey Nonprofit Corporation Act,” from paying the annual report filing fee.
“Veterans’ 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-1934), veterans’ organizations which organize as a nonprofit corporation must still file the annual report required, but would be exempted from the fee.
“Many of these organizations have a long history of service to the servicemen and -women in this state,” said Johnson (D-Bergen). “The programming and services they offer are incomparable. Relieving these organizations of fees when filing annual reports would streamline the process and make it easier for these organizations to continue their important work.”
“Veterans’ organizations are a lifeline for many military families post-service,” said Andrzejczak (D-Cape May/Atlantic/Cumberland). “The work they do is vital in this state, especially today when many are returning from service and readjusting to civilian life. With a small adjustment on our part, we can help the organizations that support the men and women who put their lives on the line for us.”
The bill defines “veterans’ organization” as the American Legion, Veterans of Foreign Wars or other veterans’ organizations charted under federal law or any service foundation of an organization recognized in its bylaws.
The bill gained unanimous approval from the Assembly.