3.0.0 3950 2023-01-11T13:29:25Z 2023-01-11T13:29:25Z House HR 2015-11-05 114 [Congressional Record Volume 161, Number 165 (Thursday, November 5, 2015)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Ms. ADAMS:H.R. 3950.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8: To make all Laws which shall benecessary and proper for carrying into Executive andforegoing Powers, and all other Powers vested by thisConstiution in the Government of the United States, or anyDepartment or Officer thereof.[Page H8153]]]> hswm00 Ways and Means Committee House Standing Referred to 2015-11-05T14:05:15Z Veteran Small Business Tax Credit Act of 2015 114 4039 HR 2015-11-17 Referred to the House Committee on Ways and Means. Related bill CRS 2015-11-05 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2015-11-05 Introduced in House IntroReferral Intro-H 9 Library of Congress 2015-11-05 Introduced in House IntroReferral 1000 9 Library of Congress A000370 Rep. Adams, Alma S. [D-NC-12] Alma Adams D NC S. 12 N T000473 Rep. Takai, Mark [D-HI-1] Mark Takai D HI 1 2015-11-05 True K000385 Rep. Kelly, Robin L. [D-IL-2] Robin Kelly D IL L. 2 2015-11-05 True L000581 Rep. Lawrence, Brenda L. [D-MI-14] Brenda Lawrence D MI L. 14 2015-11-05 True V000081 Rep. Velazquez, Nydia M. [D-NY-7] NYDIA VELAZQUEZ D NY M. 7 2015-11-05 True P000604 Rep. Payne, Donald M., Jr. [D-NJ-10] Donald Payne D NJ M. 10 2015-11-05 True C001080 Rep. Chu, Judy [D-CA-27] Judy Chu D CA 27 2015-11-05 True Taxation Business investment and capital Income tax credits Small business Veterans' education, employment, rehabilitation Taxation 00 2015-11-05 Introduced in House 2015-12-18T22:23:33Z 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.

]]> Veteran Small Business Tax Credit Act of 2015 Display Title Veteran Small Business Tax Credit Act of 2015 Official Title as Introduced To amend the Internal Revenue Code of 1986 to establish a small business start-up tax credit for veterans who have served overseas. Introduced in House IH Short Titles as Introduced Veteran Small Business Tax Credit Act of 2015 Introduced in House 2015-11-05T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114hr3950ih/xml/BILLS-114hr3950ih.xml 2015-11-05 Referred to the House Committee on Ways and Means. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.