Bill Text: NJ S1307 | 2016-2017 | Regular Session | Introduced

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Bill Title: Exempts veterans' organizations from nonprofit corporation annual report filing fee.

Spectrum: Moderate Partisan Bill (Democrat 4-1)

Status: (Introduced - Dead) 2016-06-30 - Substituted by A1934 [S1307 Detail]

Download: New_Jersey-2016-S1307-Introduced.html

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SENATE, No. 1307

STATE OF NEW JERSEY

217th LEGISLATURE

 

INTRODUCED FEBRUARY 8, 2016

 

 

Sponsored by:

Senator  JOSEPH F. VITALE

District 19 (Middlesex)

 

 

 

 

SYNOPSIS

     Exempts veterans' organizations from nonprofit corporation annual report filing fee.

 

CURRENT VERSION OF TEXT

     As introduced.

  

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.