HR 3725
113th Congress
House
Taxation
Government information and archives
Income tax credits
Retail and wholesale trades
Small business
User charges and fees
Veterans' education, employment, rehabilitation
Veterans Entrepreneurs Act of 2013
Introduced: December 12, 2013
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 12, 2013
Referred to the House Committee on Ways and Means.
Dec 12, 2013
Introduced in House
Plain-English summary
Veterans Entrepreneurs Act of 2013 - Amends the Internal Revenue Code to allow a business-related tax credit of up to $400,000 for 25% of the franchise fees paid or incurred by a veteran for the purchase of a franchise. Reduces the amount of such credit if the veteran does not own 100% of the stock or capital or profits interest of the franchisee.
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
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1