H.R.2888 - Help Veterans Own Franchises Act

To amend the Internal Revenue Code of 1986 to allow credits for the establishment of franchises with veterans. view all titles (2)

All Bill Titles

  • Official: To amend the Internal Revenue Code of 1986 to allow credits for the establishment of franchises with veterans. as introduced.
  • Short: Help Veterans Own Franchises Act as introduced.

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Introduced
 
House
Passes
 
Senate
Passes
 
President
Signs
 

 
09/12/11
 
 
 
 
 
 
 

Sponsor

Representative

Aaron Schock

R-IL

View Co-Sponsors (24)

Official Summary

Help Veterans Own Franchises Act - Amends the Internal Revenue Code to allow a business-related tax credit for 25% of a qualified franchise fee of up to $400,000 paid or incurred by a veteran for the purchase of a franchise. Directs the Administrator of the Small Business Administration (SB

Official Summary

Help Veterans Own Franchises Act - Amends the Internal Revenue Code to allow a business-related tax credit for 25% of a qualified franchise fee of up to $400,000 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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