Giving A Break To New Jersey Veterans Groups
New Jersey lawmakers could soon give final approval to legislation that exempts most veterans’ organizations from paying a $25 filing fee that is now mandated by law.
The New Jersey Nonprofit Corporation Act has cleared a legislative hurdle, after being passed unanimously by the full Assembly.
“Veteran organizations’ provide valuable services to our military returning home, and removing some of government’s red tape is the least we can do to help them help others,” says the sponsor of the measure in the lower house, Assemblyman Craig Coughlin.
Right now in New Jersey nonprofit corporations must pay a $25 annual report filing fee, but under the proposed legislation, veterans’ organizations which organize as a nonprofit corporation would still file the annual report required but would be exempted from the fee.
The bill defines “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 state Senate for further consideration.