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HR 3214 118th Congress House Taxation

Veteran Entrepreneurs Act of 2023

Introduced: May 22, 2023 Introduced by: Brownley, Julia Democratic · California See on congress.gov
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This bill died when the 118th Congress ended
It never became law before the 118th Congress (2023–2024) 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
May 11, 2023
Referred to the House Committee on Ways and Means.
May 11, 2023
Introduced in House
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 Plain-English summary Congressional Research Service

Veteran Entrepreneurs Act of 2023

This bill allows a business-related tax credit of 25% of up to $400,000 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 May 11, 2023

Referred to the House Committee on Ways and Means.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 4
All 4 Democratic 2 Republican 1
D
Garcia, Sylvia R.
Texas · Sep 21, 2023
Kilmer, Derek
· May 22, 2023
 D
Titus, Dina
Nevada · May 17, 2023
 R
Miller, Carol D.
West Virginia · May 11, 2023
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 3214: Veteran Entrepreneurs Act of 2023. 118th Congress. Open America. https://openamerica.io/bill/118-HR-3214/
MLA
"H.R. 3214: Veteran Entrepreneurs Act of 2023." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-HR-3214/.
Bluebook (legal)
H.R. 3214, 118th Cong. (2026), https://openamerica.io/bill/118-HR-3214/.
Markdown link
[H.R. 3214: Veteran Entrepreneurs Act of 2023](https://openamerica.io/bill/118-HR-3214/)
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