STATE OF NEW YORK
________________________________________________________________________
5529--A
2015-2016 Regular Sessions
IN SENATE
May 14, 2015
___________
Introduced by Sen. HOYLMAN -- read twice and ordered printed, and when
printed to be committed to the Committee on Corporations, Authorities
and Commissions -- recommitted to the Committee on Corporations,
Authorities and Commissions in accordance with Senate Rule 6, sec. 8
-- committee discharged, bill amended, ordered reprinted as amended
and recommitted to said committee
AN ACT to amend the business corporations law and the not-for-profit
corporation law, in relation to exempting veterans from the payment of
certain fees relating to corporations
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. The business corporation law is amended by adding a new
2 section 104-B to read as follows:
3 § 104-B. Veteran exemption from fees.
4 (a) As used in this section, "veteran" means a member of the armed
5 forces of the United States who served therein in time of war, who was
6 honorably discharged or released under honorable circumstances from such
7 service, who is a citizen of the United States or an alien lawfully
8 admitted for permanent residence in the United States and who is a resi-
9 dent of the state of New York at the time of undertaking an action
10 subject to a fee pursuant to section one hundred four-A of this article.
11 (b) Notwithstanding any other provision of law, no veteran shall be
12 required to pay the fees otherwise required by section one hundred
13 four-A of this article within five years of being honorably discharged
14 or released under honorable circumstances from military service.
15 (c) Status as an eligible veteran pursuant to this section shall be
16 documented pursuant to rules and regulations promulgated by the commis-
17 sioner of the department of state.
18 § 2. The not-for-profit corporation law is amended by adding a new
19 section 104-B to read as follows:
20 § 104-B. Veteran exemption from fees.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD10421-02-6
S. 5529--A 2
1 (a) As used in this section, "veteran" means a member of the armed
2 forces of the United States who served therein in time of war, who was
3 honorably discharged or released under honorable circumstances from such
4 service, who is a citizen of the United States or an alien lawfully
5 admitted for permanent residence in the United States and who is a resi-
6 dent of the state of New York at the time of undertaking an action
7 subject to a fee pursuant to section one hundred four-A of this article.
8 (b) Notwithstanding any other provision of law, no veteran shall be
9 required to pay the fees otherwise required by section one hundred
10 four-A of this article within five years of being honorably discharged
11 or released under honorable circumstances from military service.
12 (c) Status as an eligible veteran pursuant to this section shall be
13 documented pursuant to rules and regulations promulgated by the commis-
14 sioner of the department of state.
15 § 3. This act shall take effect immediately.
