NY State Senate Bill 2017-S116

Archive: Last 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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Date of Action	Assembly Actions - Lowercase Senate Actions - UPPERCASE
Jan 03, 2018	referred to veterans, homeland security and military affairs
Jan 04, 2017	referred to veterans, homeland security and military affairs

2017-S116 (ACTIVE) - Details

See Assembly Version of this Bill:: A6835
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
2019-2020: S595, A2121
2021-2022: S1504, A7317
2023-2024: S3306, A1354
2025-2026: S7446, A6094

2017-S116 (ACTIVE) - Summary

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

2017-S116 (ACTIVE) - Sponsor Memo

                                 BILL NUMBER:  S116

 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 :

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

 FISCAL IMPLICATIONS :

Minimal.

 EFFECTIVE DATE :
This act shall take effect immediately.

2017-S116 (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                    116
 
                        2017-2018 Regular Sessions
 
                             I N  S E N A T E
 
                                (PREFILED)
 
                              January 4, 2017
                                ___________
 
 Introduced  by  Sen. HOYLMAN -- read twice and ordered printed, and when
   printed to be committed to the Committee on Veterans, Homeland Securi-
   ty and Military Affairs
 
 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:
 § 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.
   § 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" MEANS A MEMBER OF THE ARMED
 FORCES OF THE UNITED STATES WHO SERVED THEREIN IN TIME OF WAR,  WHO  WAS
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets

                       [ ] is old law to be omitted.
                                                            LBD05567-01-7

 S. 116                              2
 
 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.
   § 3. This act shall take effect immediately.

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Senate Bill S116

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Archive: Last Bill Status - In Senate Committee Veterans, Homeland Security And Military Affairs Committee

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2017-S116 (ACTIVE) - Details

2017-S116 (ACTIVE) - Summary

2017-S116 (ACTIVE) - Sponsor Memo

2017-S116 (ACTIVE) - Bill Text download pdf

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Sponsored By

Brad Hoylman-Sigal

Archive: Last Bill Status - In Senate Committee Veterans, Homeland Security And Military Affairs Committee

Actions

2017-S116 (ACTIVE) - Details

2017-S116 (ACTIVE) - Summary

2017-S116 (ACTIVE) - Sponsor Memo

2017-S116 (ACTIVE) - Bill Text download pdf

Comments