S 1540
112th Congress
Senate
Taxation
Government information and archives
Income tax credits
Retail and wholesale trades
Small business
User charges and fees
Veterans' education, employment, rehabilitation
Help Veterans Own Franchises Act
Introduced: September 12, 2011
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 12, 2011
Read twice and referred to the Committee on Finance.
Sep 12, 2011
Introduced in Senate
Plain-English summary
Help Veterans Own Franchises Act - Amends the Internal Revenue Code to allow a business-related tax credit of up to $100,000 for 25% of the franchise fees paid or incurred by a veteran for the purchase of a franchise.
Directs the Administrator of the Small Business Administration (SBA) and the Secretary of Veterans Affairs (VA) to provide information about the tax credit allowed by this Act to veterans service organizations and veteran advocacy groups.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1
Cosponsors
1