HR 446

Title: Veteran Entrepreneurs Act of 2019
Author: Rep. Julia Brownley (D-CA)

<p><b>Veteran Entrepreneurs Act of 201</b><b>9</b></p> <p>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.</p> <p>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. </p> <p>The veteran may elect to transfer the credit to an eligible franchisor in exchange for a discount in the franchise fee commensurate ...

Introduced in House 01/10/2019
Introduced in House 01/10/2019
Referred to the House Committee on Ways and Means. 01/10/2019

Bill Text
01/10/2019 - HR 446 (Introduced+in+House) 01/08/2019 - HR 446 (Engrossed+in+House)

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Author Details

    Rep. Julia Brownley (D-CA)
    U.S. Representative

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