Exempts veterans from the payment of certain fees relating to corporations

This bill would exempt New York veterans from paying certain fees associated with forming or maintaining corporations and not-for-profit organizations. It defines eligible veterans as those who served in the U.S. military or state guard with an honorable or general discharge, those with qualifying conditions under state veterans law, or discharged LGBT veterans, provided they are New York residents. The fee exemption applies for five years after receiving a qualifying discharge or confirmation of status, and the Department of State would establish rules for documenting veteran eligibility. The legislation applies to both business and not-for-profit corporation laws and would take effect 180 days after becoming law.