This bill amends various sections of New Jersey law to reduce business formation fees for certain recognized business structures. Specifically, it decreases the filing fee for the original certificate of incorporation from $125.00 to $100.00, and similarly reduces the fee for foreign corporations to conduct business in the state from $125.00 to $100.00. Additionally, the bill lowers the filing fee for limited partnerships from $125.00 to $100.00 and adjusts other related fees, such as the fee for filing a certificate of conversion to $75.00.

The bill is projected to have a significant fiscal impact, with an estimated revenue reduction of $4.1 million for the Department of the Treasury. The changes are intended to encourage business formation in New Jersey, aligning with the Governor's Fiscal Year 2027 budget recommendations. The act is set to take effect on July 1, 2026.

Statutes affected:
Introduced: 22A:4-1, 42:2A-68, 42:2C-93
Advance Law: 22A:4-1, 42:2A-68, 42:2C-93