US SB1540 | 2011-2012 | 112th Congress

Status

Spectrum: Partisan Bill (Democrat 3-0)
Status: Introduced on September 12 2011 - 25% progression, died in committee
Action: 2011-09-12 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Help Veterans Own Franchises Act - Amends the Internal Revenue Code to allow a business-related tax credit of up to $100,000 for 25% of the franchise fees 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.

Tracking Information

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Title

Help Veterans Own Franchises Act

Sponsors


History

DateChamberAction
2011-09-12SenateRead twice and referred to the Committee on Finance.

Same As/Similar To

HB2888 (Related) 2011-09-12 - Referred to the House Committee on Ways and Means.
HB3177 (Related) 2011-10-13 - Referred to the House Committee on Ways and Means.
HB3476 (Related) 2012-01-12 - Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises.
SB1866 (Related) 2011-11-16 - Sponsor introductory remarks on measure. (CR S7594-7596)

Subjects


US Congress State Sources


Bill Comments

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