Bill > S1807

Introduced Session

This bill would waive business formation and registration fees for the establishment of veteran-owned for-profit businesses and non-profit organizations. The bill defines veteran as any person who has served in any branch of the Armed Forces of the United States, including a member of a reserve component of the Armed Forces, for at least 90 days who has been honorably discharged. To provide proof of veteran status, a veteran would be required to submit a copy of the veteran's DD-214 form or a certificate of Release or Discharge from Active Duty with the veteran's formation and registration forms. Under current State law, for-profit businesses are required to pay $125, and domestic non-profit organizations are required to pay $75, respectively, along with their business formation applications. This bill would exempt veteran-owned businesses and non-profit organizations from this requirement, and any other business formation and registration fees required for the establishment of a business or non-profit organization. This bill would not change any renewal fees required by law. In 2016, the state of Pennsylvania enacted legislation to waive business fee requirements for veteran-owned businesses. This legislation would ease the financial requirements for veterans to establish their own businesses and successfully transition to civilian life.

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Troy Singleton (D)*,  Nilsa Cruz-Perez (D), 

Referred to Senate Budget and Appropriations Committee (on 03/21/2022)

Official Document