Bill

Bill > A941


NJ A941

NJ A941
Waives business formation and registration fees for establishment of businesses owned by veterans.


summary

Introduced
01/13/2026
In Committee
01/13/2026
Crossed Over
Passed
Dead

Introduced Session

2026-2027 Regular Session

Bill Summary

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.

AI Summary

This bill would waive all initial business formation and registration fees for veterans who want to start either a for-profit business or a non-profit organization in New Jersey. A veteran is defined as someone who served in any branch of the U.S. Armed Forces, including reserves, for at least 90 days and received an honorable discharge. To prove their veteran status, individuals would need to submit a copy of their DD-214 form or a Certificate of Release or Discharge from Active Duty with their business registration paperwork. Currently, for-profit businesses pay $125 and non-profit organizations pay $75 to form, but this bill would exempt eligible veterans from these and any other initial establishment fees, though renewal fees would still apply. This initiative aims to reduce the financial burden on veterans as they transition to civilian life and establish their own businesses, similar to legislation already enacted in Pennsylvania.

Committee Categories

Military Affairs and Security

Sponsors (2)

Last Action

Introduced, Referred to Assembly Military and Veterans' Affairs Committee (on 01/13/2026)

bill text


bill summary

Loading...

bill summary

Loading...

bill summary

Loading...