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

This bill waives New Jersey's business formation and registration fees ($125 for for-profits, $75 for non-profits) for veterans establishing new businesses or non-profits. It applies to veterans who were honorably discharged after at least 90 days of service, including reserve members, and requires submission of a DD-214 or discharge certificate as proof. The fee exemption covers only the initial setup costs, not ongoing renewal fees. This policy directly affects veterans seeking to start businesses by reducing their immediate financial barriers to entrepreneurship. The bill mirrors similar legislation enacted in Pennsylvania in 2016.