US HB3725 | 2013-2014 | 113th Congress
Status
Spectrum: Moderate Partisan Bill (Republican 23-4)
Status: Introduced on December 12 2013 - 25% progression, died in committee
Action: 2013-12-12 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on December 12 2013 - 25% progression, died in committee
Action: 2013-12-12 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Veterans Entrepreneurs Act of 2013 - Amends the Internal Revenue Code to allow a business-related tax credit of up to $400,000 for 25% of the franchise fees paid or incurred by a veteran for the purchase of a franchise. Reduces the amount of such credit if the veteran does not own 100% of the stock or capital or profits interest of the franchisee. 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.
Title
Veterans Entrepreneurs Act of 2013
Sponsors
Rep. Bill Flores [R-TX] | Rep. Lou Barletta [R-PA] | Rep. Rob Bishop [R-UT] | Rep. John Carter [R-TX] |
Rep. Steve Chabot [R-OH] | Rep. Mike Coffman [R-CO] | Rep. Paul Cook [R-CA] | Sen. Kevin Cramer [R-ND] |
Rep. Rodney Davis [R-IL] | Rep. John Fleming [R-LA] | Rep. Trent Franks [R-AZ] | Rep. Phil Gingrey [R-GA] |
Rep. Richard Hanna [R-NY] | Rep. Michael Honda [D-CA] | Rep. Walter Jones [R-NC] | Rep. David McKinley [R-WV] |
Rep. Tim Murphy [R-PA] | Rep. David Roe [R-TN] | Rep. Todd Rokita [R-IN] | Rep. Jon Runyan [R-NJ] |
Rep. Bradley Schneider [D-IL] | Rep. Mark Takano [D-CA] | Rep. Dina Titus [D-NV] | Rep. Randy Weber [R-TX] |
Rep. Robert Wittman [R-VA] | Rep. Kevin Yoder [R-KS] | Rep. Ted Yoho [R-FL] |
History
Date | Chamber | Action |
---|---|---|
2013-12-12 | House | Referred to the House Committee on Ways and Means. |
Same As/Similar To
SB1015 (Related) 2013-05-22 - Read twice and referred to the Committee on Finance.
Subjects
Government information and archives
Income tax credits
Retail and wholesale trades
Small business
Taxation
User charges and fees
Veterans' education, employment, rehabilitation
Income tax credits
Retail and wholesale trades
Small business
Taxation
User charges and fees
Veterans' education, employment, rehabilitation
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/113th-congress/house-bill/3725/all-info |
Text | https://www.congress.gov/113/bills/hr3725/BILLS-113hr3725ih.pdf |