Exempts veterans from certain corporate fees for five years post-discharge.
The bill amends the business and not-for-profit corporation laws to exempt veterans from certain fees. Specifically, it exempts veterans from paying fees within five years of receiving an honorable or general discharge, a qualifying condition confirmation, or confirmation of LGBT veteran status. The exemption applies to veterans who served in the U.S. military or New York state military reserves and reside in New York. The veteran status must be documented by the Department of State.
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