US HB3950 | 2015-2016 | 114th Congress
Status
Sponsorship: Partisan Bill (Democrat 7)
Status: Introduced on November 5 2015 - 25% progression, died in committee
Action: 2015-11-05 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on November 5 2015 - 25% progression, died in committee
Action: 2015-11-05 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Veteran Small Business Tax Credit Act of 2015 This bill allows a new business-related tax credit for the start-up expenses of a veteran-owned small business. The allowable amount of such credit is 15% of start-up expenditures that do not exceed $80,000. The credit is allowed to any individual (or the surviving spouse of such individual) who: (1) has served on active duty in the U.S. Armed Forces, (2) was stationed outside the United States, and (3) was not discharged or released under dishonorable conditions.
Title
Veteran Small Business Tax Credit Act of 2015
Sponsors
| Rep. Alma Adams [D-NC] | Rep. Mark Takai [D-HI] | Rep. Robin Kelly [D-IL] | Rep. Brenda Lawrence [D-MI] |
| Rep. Nydia Velazquez [D-NY] | Rep. Donald Payne [D-NJ] | Rep. Judy Chu [D-CA] |
History
| Date | Chamber | Action |
|---|---|---|
| 2015-11-05 | House | Referred to the House Committee on Ways and Means. |
| 2015-11-05 | House | Introduced in House |
Same As/Similar To
HB4039 (Related) 2015-11-17 - Referred to the House Committee on Ways and Means.
Subjects
Business investment and capital
Income tax credits
Small business
Taxation
Veterans' education, employment, rehabilitation
Income tax credits
Small business
Taxation
Veterans' education, employment, rehabilitation
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/114th-congress/house-bill/3950/all-info |
| Text | https://www.congress.gov/114/bills/hr3950/BILLS-114hr3950ih.pdf |
