S.1540 - Help Veterans Own Franchises Act

A bill to amend the Internal Revenue Code of 1986 to allow credits for the purchase of franchises by veterans. view all titles (2)

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All Bill Titles

  • Official: A bill to amend the Internal Revenue Code of 1986 to allow credits for the purchase of franchises by veterans. as introduced.
  • Short: Help Veterans Own Franchises Act as introduced.

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Introduced
 
Senate
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House
Passes
 
President
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09/11/11
 
 
 
 
 
 
 

Official Bill Text Comment on about 4 Pages

Sponsor

Senator

Robert Casey

D-PA

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Committees

Official Summary

9/12/2011--Introduced.Help Veterans Own Franchises Act - 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. Directs the Administrator of the Small Business Ad
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Official Summary

9/12/2011--Introduced.Help Veterans Own Franchises Act - 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. Directs the Administrator of the Small Business Administration (SBA) and the Secretary of Veterans Affairs (VA) to provide information about the tax credit allowed by this Act to veterans service organizations and veteran advocacy groups.

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