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S. 1540 112th Congress Senate

Help Veterans Own Franchises Act

Official title: A bill to amend the Internal Revenue Code of 1986 to allow credits for the purchase of franchises by veterans.

Introduced: October 3, 2011 See on congress.gov
Taxation Government information and archivesIncome tax creditsRetail and wholesale tradesSmall business
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User charges and feesVeterans' education, employment, rehabilitation
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This bill died when the 112th Congress ended
It never became law before the 112th Congress (2011–2012) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 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
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 Latest action September 12, 2011

Read twice and referred to the Committee on Finance.

 Plain-English summary Congressional Research Service

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.

 Related & companion bills 4
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1
D
Coons, Christopher A.
Delaware · Oct 3, 2011
Cite this page click to expand
APA
U.S. Congress. (2026). S. 1540: Help Veterans Own Franchises Act. 112th Congress. Open America. https://openamerica.io/bill/112-S-1540/
MLA
"S. 1540: Help Veterans Own Franchises Act." 112th Congress, 2026, Open America, https://openamerica.io/bill/112-S-1540/.
Bluebook (legal)
S. 1540, 112th Cong. (2026), https://openamerica.io/bill/112-S-1540/.
Markdown link
[S. 1540: Help Veterans Own Franchises Act](https://openamerica.io/bill/112-S-1540/)
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