NY State Senate Bill 2025-S7446

Current Bill Status - In Senate Committee Veterans, Homeland Security And Military Affairs 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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	Assembly Actions - Lowercase Senate Actions - UPPERCASE
Apr 16, 2025	referred to veterans, homeland security and military affairs

co-Sponsors

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2025-S7446 (ACTIVE) - Details

See Assembly Version of this Bill:: A6094
Current Committee:: Senate Veterans, Homeland Security And Military Affairs
Law Section:: Business Corporation Law
Laws Affected:: Add §104-B, BC L; add §104-B, N-PC L
Versions Introduced in Other Legislative Sessions:: 2015-2016: S5529
2017-2018: S116, A6835
2019-2020: S595, A2121
2021-2022: S1504, A7317
2023-2024: S3306, A1354

2025-S7446 (ACTIVE) - Summary

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

2025-S7446 (ACTIVE) - Sponsor Memo

                                 
BILL NUMBER: S7446

SPONSOR: HOYLMAN-SIGAL
 
TITLE OF BILL:

An act to amend the business corporation 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 within five years of being honor-
ably discharged from military service, receiving confirmation of a qual-
ifying condition from the New York State Division of Veterans' Services
(DVS), or receiving confirmation of their status as a discharged LGBT

Veteran from DVS pursuant to the Restoration of Honor Act.

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
104-A of the not-for-profit corporation law within five years of being
honorably discharged from military service, receiving confirmation of a
qualifying condition from the New York State Division of Veterans'
Services (DVS), or receiving confirmation of their status as a
discharged LGBT Veteran from DVS pursuant to the Restoration of Honor
Act.

Section 3 of the bill provides the effective date.

 
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 from military service,
receiving confirmation of a qualifying condition from the New York State
Division of Veterans' Services (DVS), or receiving confirmation of their
status as a discharged LGBT Veteran from DVS pursuant to the Restoration
of Honor Act, so that they will face fewer administrative and financial
barriers to starting and growing their own businesses when their mili-
tary service is finished.

It would send a strong message that New York State supports those indi-
viduals who have made an extraordinary sacrifice for their state and
country, and encourage the growth of small businesses in our state.

 
PRIOR LEGISLATIVE HISTORY:

S.3306 of 2023-2024 (Hoylman-Sigal): Passed Senate / Died in Veterans,
Homeland Security and Military Affairs

A.1354 of 2023-2024 (Hunter): Died in Corporations, Authorities and
Commissions

S.1504 of 2021-2022 (Hoylman): Passed Senate / Died in Corporations,
Authorities, & Commissions

A.7317 of 2021-2022 (Hunter): Died in Corporations, Authorities, &
Commissions

S.0595-A of 2019-2020 (Hoylman): Died in Veteran, Homeland Security and
Military Affairs

A.2121-A of 2019-2020 (Hunter): Died in Corporations, Authorities and
Commissions

S.0216 of 2017-2018 (Hoylman): Died in Veterans

A.6835 of 2017-2018 (Hunter): Died in Corporations, Authorities &
Commissions

S.5529-A of 2015-2016 (Hoylman): Died in Corporations, Authorities, &
Commissions

 
FISCAL IMPLICATIONS:

To be determined.

 
EFFECTIVE DATE:
This act shall take effect on the one hundred eightieth day after it
shall have become a law.

2025-S7446 (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   7446
 
                        2025-2026 Regular Sessions
 
                             I N  S E N A T E
 
                              April 16, 2025
                                ___________
 
 Introduced  by  Sens.  HOYLMAN-SIGAL, ASHBY, GALLIVAN, HELMING, MATTERA,
   ROLISON, STEC -- read twice and ordered printed, and when  printed  to
   be committed to the Committee on Veterans, Homeland Security and Mili-
   tary Affairs
 
 AN  ACT  to  amend  the  business corporation 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:
 § 104-B. VETERAN EXEMPTION FROM FEES.
   (A) AS USED IN THIS SECTION, "VETERAN" SHALL MEAN A PERSON WHO  SERVED
 IN  THE UNITED STATES ARMY, NAVY, AIR FORCE, MARINES, COAST GUARD AND/OR
 RESERVES THEREOF, AND/OR IN THE ARMY NATIONAL GUARD, AIR NATIONAL GUARD,
 NEW YORK GUARD, AND/OR NEW YORK NAVAL MILITIA AND WHO (1)  HAS  RECEIVED
 AN HONORABLE OR GENERAL DISCHARGE FROM SUCH SERVICE, OR (2) HAS A QUALI-
 FYING  CONDITION,  AS  DEFINED  IN SECTION ONE OF THE VETERANS' SERVICES
 LAW, AND HAS RECEIVED A DISCHARGE OTHER THAN BAD CONDUCT OR DISHONORABLE
 FROM SUCH SERVICE, OR (3) IS A DISCHARGED LGBT VETERAN,  AS  DEFINED  IN
 SECTION  ONE OF THE VETERANS' SERVICES LAW, AND HAS RECEIVED A DISCHARGE
 OTHER THAN BAD CONDUCT OR  DISHONORABLE  FROM  SUCH  SERVICE;  AND  SUCH
 PERSON IS A RESIDENT OF THE STATE OF NEW YORK AT THE TIME 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 (1) RECEIVING  AN  HONORABLE
 OR  GENERAL  DISCHARGE FROM MILITARY SERVICE, OR (2) RECEIVING CONFIRMA-
 TION FROM THE DEPARTMENT OF VETERANS' SERVICES OF  A  QUALIFYING  CONDI-
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD07923-01-5
 S. 7446                             2

 
 TION,  OR  (3)  RECEIVING  CONFIRMATION FROM THE DEPARTMENT OF VETERANS'
 SERVICES OF THEIR STATUS AS A DISCHARGED LGBT VETERAN.
   (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.
   §  2.  The  not-for-profit  corporation law is amended by adding a new
 section 104-B to read as follows:
 § 104-B. VETERAN EXEMPTION FROM FEES.
   (A) AS USED IN THIS SECTION, "VETERAN" SHALL MEAN A PERSON WHO  SERVED
 IN  THE UNITED STATES ARMY, NAVY, AIR FORCE, MARINES, COAST GUARD AND/OR
 RESERVES THEREOF, AND/OR IN THE ARMY NATIONAL GUARD, AIR NATIONAL GUARD,
 NEW YORK GUARD, AND/OR NEW YORK NAVAL MILITIA AND WHO (1)  HAS  RECEIVED
 AN HONORABLE OR GENERAL DISCHARGE FROM SUCH SERVICE, OR (2) HAS A QUALI-
 FYING  CONDITION,  AS  DEFINED  IN SECTION ONE OF THE VETERANS' SERVICES
 LAW, AND HAS RECEIVED A DISCHARGE OTHER THAN BAD CONDUCT OR DISHONORABLE
 FROM SUCH SERVICE, OR (3) IS A DISCHARGED LGBT VETERAN,  AS  DEFINED  IN
 SECTION  ONE OF THE VETERANS' SERVICES LAW, AND HAS RECEIVED A DISCHARGE
 OTHER THAN BAD CONDUCT OR  DISHONORABLE  FROM  SUCH  SERVICE;  AND  SUCH
 PERSON IS A RESIDENT OF THE STATE OF NEW YORK AT THE TIME 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 (1) RECEIVING  AN  HONORABLE
 OR  GENERAL  DISCHARGE FROM MILITARY SERVICE, OR (2) RECEIVING CONFIRMA-
 TION FROM THE DEPARTMENT OF VETERANS' SERVICES OF  A  QUALIFYING  CONDI-
 TION,  OR  (3)  RECEIVING  CONFIRMATION FROM THE DEPARTMENT OF VETERANS'
 SERVICES OF THEIR STATUS AS A DISCHARGED LGBT VETERAN.
   (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.
   § 3. This act shall take effect on the one hundred eightieth day after
 it shall have become a law.

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Senate Bill S7446

Sponsored By

Current Bill Status - In Senate Committee Veterans, Homeland Security And Military Affairs Committee

co-Sponsors

2025-S7446 (ACTIVE) - Details

2025-S7446 (ACTIVE) - Summary

2025-S7446 (ACTIVE) - Sponsor Memo

2025-S7446 (ACTIVE) - Bill Text download pdf

Comments

Senate Bill S7446

Share this bill

Sponsored By

Brad Hoylman-Sigal

Current Bill Status - In Senate Committee Veterans, Homeland Security And Military Affairs Committee

co-Sponsors

Jacob Ashby

Patrick M. Gallivan

Pamela Helming

Mario R. Mattera

2025-S7446 (ACTIVE) - Details

2025-S7446 (ACTIVE) - Summary

2025-S7446 (ACTIVE) - Sponsor Memo

2025-S7446 (ACTIVE) - Bill Text download pdf

Comments