HR 3950
114th Congress
House
Taxation
Business investment and capital
Income tax credits
Small business
Veterans' education, employment, rehabilitation
Veteran Small Business Tax Credit Act of 2015
Introduced: November 5, 2015
Introduced by:
Adams, Alma S.
Democratic
· North Carolina
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 5, 2015
Referred to the House Committee on Ways and Means.
Nov 5, 2015
Introduced in House
Plain-English summary
Veteran Small Business Tax Credit Act of 2015
This bill allows a new business-related tax credit for the start-up expenses of a veteran-owned small business. The allowable amount of such credit is 15% of start-up expenditures that do not exceed $80,000. The credit is allowed to any individual (or the surviving spouse of such individual) who: (1) has served on active duty in the U.S. Armed Forces, (2) was stationed outside the United States, and (3) was not discharged or released under dishonorable conditions.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1