(TRENTON) — Legislation sponsored by Assembly Democrats Craig J. Coughlin, Gordon M. Johnson, Bob Andrzejczak and Benjie E. Wimberly that would exempt veterans’ organizations that organize as corporations under the “New Jersey Nonprofit Corporation Act” from paying the annual report filing fee is now law.
“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.”
Previously, nonprofit corporations were required to pay a $25 annual report filing fee. Under the new law (formerly A-1934), veterans’ organizations that incorporate as a nonprofit corporation must still file the annual report required, but would be exempted from the $25 fee.
“Many of these organizations have a long history of service to the service men 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 streamlines 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 are helping the organizations that support the men and women who put their lives on the line for us.”
“Veterans’ organizations play the important role of serving those who serve this country,” said Wimberly (D-Bergen/Passaic). “By facilitating their operations, we make it easier for them to help some of New Jersey’s most honorable residents.”
The bill defines “veterans’ organizations” as the American Legion, Veterans of Foreign Wars or other veterans’ organizations chartered under federal law or any service foundation of an organization recognized in its bylaws.
The law had previously received unanimous support from the Assembly in February, and from the Senate in June. It takes effect on Tuesday, February 28, 2017.