NY State Senate Bill 2015-S5529A

Archive: Last Bill Status - In Senate Committee Corporations, Authorities And Commissions Committee

Introduced
- In Committee Assembly
- In Committee Senate
- On Floor Calendar Assembly
- On Floor Calendar Senate
- Passed Assembly
- Passed Senate
Delivered to Governor
Signed By Governor

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Actions

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	Assembly Actions - Lowercase Senate Actions - UPPERCASE
Jun 08, 2016	print number 5529a
Jun 08, 2016	amend and recommit to corporations, authorities and commissions
Jan 06, 2016	referred to corporations, authorities and commissions
May 14, 2015	referred to corporations, authorities and commissions

Bill Amendments

Original

A (Active)

2015-S5529 - Details

Current Committee:: Senate Corporations, Authorities And Commissions
Law Section:: Business Corporation Law
Laws Affected:: Add §104-B, BC L; add §104-B, N-PC L
Versions Introduced in Other Legislative Sessions:: 2017-2018: S116
2019-2020: S595
2021-2022: S1504
2023-2024: S3306

2015-S5529 - Summary

Exempts veterans from the payment of certain fees relating to corporations.

2015-S5529 - Sponsor Memo

                                BILL NUMBER:S5529

TITLE OF BILL:

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

PURPOSE OR GENERAL IDEA OF BILL:

This legislation would exempt veterans from paying certain filing fees
relating to the incorporation of a business.

SUMMARY OF SPECIFIC PROVISIONS:

Section 1 of the bill adds a new section 104-B to the business corpo-
ration law to exempt veterans from certain fees outlined in section
104-A of the business corporation law, and includes the definition of
the word "veteran" as used in the new section.

Section 2 of the bill adds a new section 104-B to the not-for-profit
corporation law to exempt veterans from certain fees outlined in section
104A of the not-for-profit corporation law, and includes the definition
of the word "veteran" as used in the new section.

Section 3 of the bill provides that this act shall take effect imme-

diately.

JUSTIFICATION:

Veterans of our nation's armed services provide an extraordinary service
to our country by devoting their time, effort, and talents to protecting
us from harm. We owe it to them to make sure that when their service is
up, they are easily able to reintegrate into society and are given every
opportunity to succeed, provide for themselves and their families, and
contribute to New York's vibrant business community.

This legislation would waive business incorporation fees for veterans so
that they will face fewer administrative and financial barriers to
starting and growing their own businesses when their military service is
finished. It would send a strong message that New York State supports
those individuals who have made an extraordinary sacrifice for their
state and country, and encourage the growth of small businesses in our
state.

PRIOR LEGISLATIVE HISTORY:

None.

FISCAL IMPLICATIONS:

Minimal.

EFFECTIVE DATE:

This act shall take effect immediately.

2015-S5529 - Bill Text download pdf

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  5529

                       2015-2016 Regular Sessions

                            I N  S E N A T E

                              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

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:

  Section  1.  The  business  corporation law is amended by adding a new
section 104-B to read as follows:
S 104-B. VETERAN EXEMPTION FROM FEES.
  (A) AS USED IN THIS SECTION, "VETERAN" MEANS A  MEMBER  OF  THE  ARMED
FORCES  OF  THE UNITED STATES WHO SERVED THEREIN IN TIME OF WAR, WHO WAS
HONORABLY DISCHARGED OR RELEASED UNDER HONORABLE CIRCUMSTANCES FROM SUCH
SERVICE, WHO IS A CITIZEN OF THE UNITED  STATES  OR  AN  ALIEN  LAWFULLY
ADMITTED FOR PERMANENT RESIDENCE IN THE UNITED STATES AND WHO IS A RESI-
DENT  OF  THE  STATE  OF  NEW  YORK AT THE TIME OF UNDERTAKING AN ACTION
SUBJECT TO A FEE PURSUANT TO SECTION ONE HUNDRED FOUR-A OF THIS ARTICLE.
  (B) NOTWITHSTANDING ANY OTHER PROVISION OF LAW, NO  VETERAN  SHALL  BE
REQUIRED  TO  PAY  THE  FEES  OTHERWISE  REQUIRED BY SECTION ONE HUNDRED
FOUR-A OF THIS ARTICLE.
  (C) STATUS AS A VETERAN PURSUANT TO  PARAGRAPH  (A)  OF  THIS  SECTION
SHALL BE DOCUMENTED PURSUANT TO RULES AND REGULATIONS PROMULGATED BY THE
COMMISSIONER OF THE DEPARTMENT OF STATE.
  S  2.  The  not-for-profit  corporation law is amended by adding a new
section 104-B to read as follows:
S 104-B. VETERAN EXEMPTION FROM FEES.
  (A) AS USED IN THIS SECTION, "VETERAN" MEANS A  MEMBER  OF  THE  ARMED
FORCES  OF  THE UNITED STATES WHO SERVED THEREIN IN TIME OF WAR, WHO WAS
HONORABLY DISCHARGED OR RELEASED UNDER HONORABLE CIRCUMSTANCES FROM SUCH
SERVICE, WHO IS A CITIZEN OF THE UNITED  STATES  OR  AN  ALIEN  LAWFULLY

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD10421-01-5

S. 5529                             2

ADMITTED FOR PERMANENT RESIDENCE IN THE UNITED STATES AND WHO IS A RESI-
DENT  OF  THE  STATE  OF  NEW  YORK AT THE TIME OF UNDERTAKING AN ACTION
SUBJECT TO A FEE PURSUANT TO SECTION ONE HUNDRED FOUR-A OF THIS ARTICLE.
  (B)  NOTWITHSTANDING  ANY  OTHER PROVISION OF LAW, NO VETERAN SHALL BE
REQUIRED TO PAY THE FEES  OTHERWISE  REQUIRED  BY  SECTION  ONE  HUNDRED
FOUR-A OF THIS ARTICLE.
  (C)  STATUS  AS  A  VETERAN  PURSUANT TO PARAGRAPH (A) OF THIS SECTION
SHALL BE DOCUMENTED PURSUANT TO RULES AND REGULATIONS PROMULGATED BY THE
COMMISSIONER OF THE DEPARTMENT OF STATE.
  S 3. This act shall take effect immediately.

2015-S5529A (ACTIVE) - Details

Current Committee:: Senate Corporations, Authorities And Commissions
Law Section:: Business Corporation Law
Laws Affected:: Add §104-B, BC L; add §104-B, N-PC L
Versions Introduced in Other Legislative Sessions:: 2017-2018: S116
2019-2020: S595
2021-2022: S1504
2023-2024: S3306

2015-S5529A (ACTIVE) - Summary

Exempts veterans from the payment of certain fees relating to corporations.

2015-S5529A (ACTIVE) - Sponsor Memo

                                 BILL NUMBER:  S5529A

 TITLE OF BILL :

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

 PURPOSE OR GENERAL IDEA OF BILL :

This legislation would exempt veterans from paying certain filing fees
relating to the incorporation of a business.

 SUMMARY OF SPECIFIC PROVISIONS :

Section 1 of the bill adds a new section 104-B to the business
corporation law to exempt veterans from certain fees outlined in
section 104-A of the business corporation law within five years of
being honorably discharged or released under honorable circumstances,
and includes the definition of the word "veteran" as used in the new
section.

Section 2 of the bill adds a new section 104-B to the not-for-profit
corporation law to exempt veterans from certain fees outlined in
section 104A of the not-for-profit corporation law within five years
of being honorably discharged or released under honorable

circumstances, and includes the definition of the word "veteran" as
used in the new section.

Section 3 of the bill provides that this act shall take effect
immediately.

 JUSTIFICATION :

Veterans of our nation's armed services provide an extraordinary
service to our country by devoting their time, effort, and talents to
protecting us from harm. We owe it to them to make sure that when
their service is up, they are easily able to reintegrate into society
and are given every opportunity to succeed, provide for themselves and
their families, and contribute to New York's vibrant business
community.

This legislation would waive business incorporation fees for veterans
within five years of being honorably discharged or released under
honorable circumstances, so that they will face fewer administrative
and financial barriers to starting and growing their own businesses
when their military service is finished. It would send a strong
message that New York State supports those individuals who have made
an extraordinary sacrifice for their state and country, and encourage
the growth of small businesses in our state.

 PRIOR LEGISLATIVE HISTORY :

None.

 FISCAL IMPLICATIONS :

Minimal.

 EFFECTIVE DATE :
This act shall take effect immediately.

2015-S5529A (ACTIVE) - Bill Text download pdf

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                 5529--A

                       2015-2016 Regular Sessions

                            I N  S E N A T E

                              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:

  Section 1. The business corporation law is amended  by  adding  a  new
section 104-B to read as follows:
S 104-B. VETERAN EXEMPTION FROM FEES.
  (A)  AS  USED  IN  THIS SECTION, "VETERAN" MEANS A MEMBER OF THE ARMED
FORCES OF THE UNITED STATES WHO SERVED THEREIN IN TIME OF WAR,  WHO  WAS
HONORABLY DISCHARGED OR RELEASED UNDER HONORABLE CIRCUMSTANCES FROM SUCH
SERVICE,  WHO  IS  A  CITIZEN  OF THE UNITED STATES OR AN ALIEN LAWFULLY
ADMITTED FOR PERMANENT RESIDENCE IN THE UNITED STATES AND WHO IS A RESI-
DENT OF THE STATE OF NEW YORK AT  THE  TIME  OF  UNDERTAKING  AN  ACTION
SUBJECT TO A FEE PURSUANT TO SECTION ONE HUNDRED FOUR-A OF THIS ARTICLE.
  (B)  NOTWITHSTANDING  ANY  OTHER PROVISION OF LAW, NO VETERAN SHALL BE
REQUIRED TO PAY THE FEES  OTHERWISE  REQUIRED  BY  SECTION  ONE  HUNDRED
FOUR-A  OF  THIS ARTICLE WITHIN FIVE YEARS OF BEING HONORABLY DISCHARGED
OR RELEASED UNDER HONORABLE CIRCUMSTANCES FROM MILITARY SERVICE.
  (C) STATUS AS AN ELIGIBLE VETERAN PURSUANT TO THIS  SECTION  SHALL  BE
DOCUMENTED  PURSUANT TO RULES AND REGULATIONS PROMULGATED BY THE COMMIS-
SIONER OF THE DEPARTMENT OF STATE.
  S 2. The not-for-profit corporation law is amended  by  adding  a  new
section 104-B to read as follows:
S 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

  (A)  AS  USED  IN  THIS SECTION, "VETERAN" MEANS A MEMBER OF THE ARMED
FORCES OF THE UNITED STATES WHO SERVED THEREIN IN TIME OF WAR,  WHO  WAS
HONORABLY DISCHARGED OR RELEASED UNDER HONORABLE CIRCUMSTANCES FROM SUCH
SERVICE,  WHO  IS  A  CITIZEN  OF THE UNITED STATES OR AN ALIEN LAWFULLY
ADMITTED FOR PERMANENT RESIDENCE IN THE UNITED STATES AND WHO IS A RESI-
DENT  OF  THE  STATE  OF  NEW  YORK AT THE TIME OF UNDERTAKING AN ACTION
SUBJECT TO A FEE PURSUANT TO SECTION ONE HUNDRED FOUR-A OF THIS ARTICLE.
  (B) NOTWITHSTANDING ANY OTHER PROVISION OF LAW, NO  VETERAN  SHALL  BE
REQUIRED  TO  PAY  THE  FEES  OTHERWISE  REQUIRED BY SECTION ONE HUNDRED
FOUR-A OF THIS ARTICLE WITHIN FIVE YEARS OF BEING  HONORABLY  DISCHARGED
OR RELEASED UNDER HONORABLE CIRCUMSTANCES FROM MILITARY SERVICE.
  (C)  STATUS  AS  AN ELIGIBLE VETERAN PURSUANT TO THIS SECTION SHALL BE
DOCUMENTED PURSUANT TO RULES AND REGULATIONS PROMULGATED BY THE  COMMIS-
SIONER OF THE DEPARTMENT OF STATE.
  S 3. This act shall take effect immediately.

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Senate Bill S5529A

Sponsored By

Archive: Last Bill Status - In Senate Committee Corporations, Authorities And Commissions Committee

Bill Amendments

2015-S5529 - Details

2015-S5529 - Summary

2015-S5529 - Sponsor Memo

2015-S5529 - Bill Text download pdf

2015-S5529A (ACTIVE) - Details

2015-S5529A (ACTIVE) - Summary

2015-S5529A (ACTIVE) - Sponsor Memo

2015-S5529A (ACTIVE) - Bill Text download pdf

Comments

Senate Bill S5529A

Share this bill

Sponsored By

Brad Hoylman-Sigal

Archive: Last Bill Status - In Senate Committee Corporations, Authorities And Commissions Committee

Bill Amendments

2015-S5529 - Details

2015-S5529 - Summary

2015-S5529 - Sponsor Memo

2015-S5529 - Bill Text download pdf

2015-S5529A (ACTIVE) - Details

2015-S5529A (ACTIVE) - Summary

2015-S5529A (ACTIVE) - Sponsor Memo

2015-S5529A (ACTIVE) - Bill Text download pdf

Comments