STATE OF NEW JERSEY
217th LEGISLATURE
PRE-FILED FOR INTRODUCTION IN THE 2016 SESSION
Sponsored by:
Assemblyman CRAIG J. COUGHLIN
District 19 (Middlesex)
Assemblyman GORDON M. JOHNSON
District 37 (Bergen)
Assemblyman BOB ANDRZEJCZAK
District 1 (Atlantic, Cape May and Cumberland)
Assemblyman SCOTT T. RUMANA
District 40 (Bergen, Essex, Morris and Passaic)
Co-Sponsored by:
Assemblywoman Mosquera, Assemblymen DeAngelo, Benson, Diegnan, Assemblywomen Gove, Pinkin, Assemblymen C.A.Brown, Eustace, Assemblywomen Lampitt, Rodriguez-Gregg, Assemblymen Peterson and McKeon
SYNOPSIS
Exempts veterans’ organizations from nonprofit corporation annual report filing fee.
CURRENT VERSION OF TEXT
Introduced Pending Technical Review by Legislative Counsel.
An Act concerning veterans’ organizations and certain nonprofit corporation filing fees and supplementing Title 15A of the New Jersey Statutes.
Be It Enacted by the Senate and General Assembly of the State of New Jersey:
1. A veterans’ organization which organizes as a corporation under the "New Jersey Nonprofit Corporation Act," N.J.S.15A:1-1 et seq., shall be exempt from paying the annual report filing fee required pursuant to subsection f. of N.J.S.15A:15-1, when filing the annual report required pursuant to N.J.S.15A:4-5.
As used in this section, “veterans’ organization” means the American Legion, Veterans of Foreign Wars, or other veterans' organizations chartered under federal law, or any service foundation of such an organization recognized in its bylaws.
2. This act shall take effect six months after the date of enactment.
STATEMENT
This bill exempts veterans’ organizations which organize as corporations under the “New Jersey Nonprofit Corporation Act,” N.J.S.A.15A:1-1 et seq., from paying the annual report filing fee. Under current law, nonprofit corporations must pay a $25 annual report filing fee. Under the bill, veterans’ organizations which organize as nonprofit corporations must still file the annual report required by N.J.S.A.15A:4-5, but are exempted from the filing fee.
The bill defines “veterans’ organization” to mean the American Legion, Veterans of Foreign Wars, or other veterans' organizations chartered under federal law, or any service foundation of such an organization recognized in its bylaws.