3.0.0 2950 2023-01-11T13:42:27Z 2023-01-11T13:42:27Z Senate S 2018-05-24 115 ssfi00 Finance Committee Senate Standing Referred to 2018-05-24T16:03:20Z Veteran Entrepreneurs Act of 2017 115 4473 HR 2017-11-28 Referred to the House Committee on Ways and Means. Related bill CRS 2018-05-24 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2018-05-24 Introduced in Senate IntroReferral 10000 9 Library of Congress C001070 Sen. Casey, Robert P., Jr. [D-PA] Bob Casey D PA N Taxation Government information and archives Income tax credits Retail and wholesale trades Small business User charges and fees Veterans' education, employment, rehabilitation Taxation 00 2018-05-24 Introduced in Senate 2018-06-04T14:51:01Z Veteran Entrepreneurs Act of 2018

This bill amends the Internal Revenue Code to allow a business-related tax credit of up to $100,000 for 25% of the franchise fees paid or incurred by a 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 of the capital or profits interest of the franchisee.

The veteran may elect to transfer the credit to a 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.

]]> Veteran Entrepreneurs Act of 2018 Display Title Veteran Entrepreneurs Act of 2018 Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to allow credits for the establishment of franchises by veterans. Introduced in Senate IS Short Titles as Introduced Veteran Entrepreneurs Act of 2018 Introduced in Senate 2018-05-24T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115s2950is/xml/BILLS-115s2950is.xml 2018-05-24 Read twice and referred to the Committee on Finance. 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.