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United States · Bill · HR

H.R. 446 (116th)

Veteran Entrepreneurs Act of 2019

referredUnited States· United States Congress· EN

Introduced

10 January 2019

Last action

10 January 2019 · Introduced

Status

Referred to the House Committee on Ways and Means.

Sponsors

Rep. Brownley, Julia [D-CA-26], Rep. Walorski, Jackie [R-IN-2], Rep. Gonzalez, Vicente [D-TX-34], Rep. Rouda, Harley [D-CA-48], Rep. Harder, Josh [D-CA-9], Rep. Moulton, Seth [D-MA-6], Rep. Meng, Grace [D-NY-6], Rep. Brindisi, Anthony [D-NY-22], Rep. Kilmer, Derek [D-WA-6], Rep. Wasserman Schultz, Debbie [D-FL-25], Rep. DeFazio, Peter A. [D-OR-4], Paul Cook, Steve Watkins, Rep. Steube, W. Gregory [R-FL-17], Rep. Bishop, Sanford D. [D-GA-2], Rep. Mast, Brian J. [R-FL-21], Rep. Baird, James R. [R-IN-4], Sen. Marshall, Roger [R-KS], Rep. Bonamici, Suzanne [D-OR-1], Rep. Carter, Earl L. "Buddy" [R-GA-1], Rep. Hastings, Alcee L. [D-FL-20], Rep. Titus, Dina [D-NV-1], Rep. Byrne, Bradley [R-AL-1], Rep. Sires, Albio [D-NJ-13], Rep. Ryan, Tim [D-OH-13], Rep. Carson, André [D-IN-7]

Subjects

Defence, Taxation

Source updated

7 April 2025

Defence · Taxation

Official sourceDownload fileView documentsShare

Summary

Veteran Entrepreneurs Act of 201 9 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.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 10 January 2019

    Introduced

    Referred to the House Committee on Ways and Means.

    Source: IntroReferral

  2. 10 January 2019

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 10 January 2019

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN · 10 January 2019

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  • Introduced in House (PDF)

    Introduced in House · EN · 10 January 2019

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  • Introduced in House

    summary · EN · 10 January 2019

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Sponsors

Related records

Sources

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