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HR 446 116th Congress House Taxation Government information and archives Income tax credits Retail and wholesale trades Small business User charges and fees Veterans' education, employment, rehabilitation

Veteran Entrepreneurs Act of 2019

Introduced: January 24, 2020 Introduced by: Brownley, Julia Democratic · California See on congress.gov
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This bill died when the 116th Congress ended
It never became law before the 116th Congress (2019–2020) 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
Jan 10, 2019
Referred to the House Committee on Ways and Means.
Jan 10, 2019
Introduced in House
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 Plain-English summary Congressional Research Service

Veteran Entrepreneurs Act of 2019

This bill allows a business-related tax credit of up to $400,000 for 25% of the franchise fees paid or incurred by an eligible veteran for the purchase of a franchise. The bill reduces the amount of such credit if the veteran does not own 100% of the stock or capital or profits interest of the franchisee.

An "eligible veteran" is a person who served in the active military, naval, or air service; was discharged or released under conditions other than dishonorable; and who pays or incurs a franchise fee in connection with a franchise agreement with a franchisor.

The veteran may elect to transfer the credit to an eligible franchisor in exchange for a discount in the franchise fee commensurate with the value of the credit.

The Small Business Administration and the Department of Veterans Affairs must provide information about the tax credit allowed by this bill to veterans service organizations and veteran advocacy groups.

What's happening now January 10, 2019

Referred to the House Committee on Ways and Means.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 17
All 17 Democratic 9 Republican 5
D
Carson, André
Indiana · Feb 25, 2020
RYAN, TIM
· Jan 24, 2020
Byrne, Bradley
· Oct 22, 2019
 D
Titus, Dina
Nevada · Sep 20, 2019
 R
Carter, Earl L. "Buddy"
Georgia · Jun 20, 2019
 D
Bonamici, Suzanne
Oregon · Jun 12, 2019
 R
Marshall, Roger
Kansas · Jun 10, 2019
 R
Baird, James R.
Indiana · May 7, 2019
 R
Mast, Brian J.
Florida · May 7, 2019
 D
Bishop, Sanford D.
Georgia · Apr 4, 2019
 R
Steube, W. Gregory
Florida · Mar 27, 2019
Cook, Paul
· Feb 6, 2019
 D
Wasserman Schultz, Debbie
Florida · Jan 29, 2019
 D
Meng, Grace
New York · Jan 15, 2019
 D
Harder, Josh
California · Jan 14, 2019
 D
Moulton, Seth
Massachusetts · Jan 14, 2019
 D
Gonzalez, Vicente
Texas · Jan 11, 2019
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 446: Veteran Entrepreneurs Act of 2019. 116th Congress. Open America. https://openamerica.io/bill/116-HR-446/
MLA
"H.R. 446: Veteran Entrepreneurs Act of 2019." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-HR-446/.
Bluebook (legal)
H.R. 446, 116th Cong. (2026), https://openamerica.io/bill/116-HR-446/.
Markdown link
[H.R. 446: Veteran Entrepreneurs Act of 2019](https://openamerica.io/bill/116-HR-446/)
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