US Congress House Bill 446 (Prior Session Legislation)

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Spectrum: Slight Partisan Bill (Democrat 17-9)
Status: Introduced on January 10 2019 - 25% progression, died in committee
Action: 2019-01-10 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

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. 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. The veteran may elect to transfer the credit to an eligible franchisor in exchange for a discount in the franchise fee commensurate with the value of the credit. The Small Business Administration and the Department of Veterans Affairs must provide information about the tax credit allowed by this bill to veterans service organizations and veteran advocacy groups.

Veteran Entrepreneurs Act of 2019

Rep. Julia Brownley [D-CA]	Rep. Jackie Walorski [R-IN]	Rep. Vicente Gonzalez [D-TX]	Rep. Harley Rouda [D-CA]
Rep. Josh Harder [D-CA]	Rep. Seth Moulton [D-MA]	Rep. Grace Meng [D-NY]	Rep. Anthony Brindisi [D-NY]
Rep. Derek Kilmer [D-WA]	Rep. Debbie Wasserman Schultz [D-FL]	Rep. Peter DeFazio [D-OR]	Rep. Paul Cook [R-CA]
Rep. Steve Watkins [R-KS]	Rep. Greg Steube [R-FL]	Rep. Sanford Bishop [D-GA]	Rep. Brian Mast [R-FL]
Rep. James Baird [R-IN]	Sen. Roger Marshall [R-KS]	Rep. Suzanne Bonamici [D-OR]	Rep. Earl Carter [R-GA]
Rep. Alcee Hastings [D-FL]	Rep. Dina Titus [D-NV]	Rep. Bradley Byrne [R-AL]	Rep. Albio Sires [D-NJ]
Rep. Tim Ryan [D-OH]	Rep. Andre Carson [D-IN]

Date	Chamber	Action
2019-01-10	House	Referred to the House Committee on Ways and Means.
2019-01-10	House	Introduced in House

Type	Source
Summary	https://www.congress.gov/bill/116th-congress/house-bill/446/all-info
Text	https://www.congress.gov/116/bills/hr446/BILLS-116hr446ih.pdf