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115-hr-4473115th Congress

Veteran Entrepreneurs Act of 2017

Sponsored By: Representative Tenney, Claudia [R-NY-24]

Unknown

Summary

Veteran Entrepreneurs Act of 2017 This bill 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 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.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & CoSponsors

Sponsor

Tenney, Claudia [R-NY-24]

NY • R

Cosponsors

  • Rep. Kuster, Ann M. [D-NH-2]

    NH • D

    Sponsored 1/16/2018

  • Rep. Brownley, Julia [D-CA-26]

    CA • D

    Sponsored 11/28/2017

  • JOSEPH CROWLEY

    NY • D

    Sponsored 12/1/2017

  • Rep. Chabot, Steve [R-OH-1]

    OH • R

    Sponsored 12/1/2017

  • Rep. Correa, J. Luis [D-CA-46]

    CA • D

    Sponsored 12/6/2017

  • Rep. Titus, Dina [D-NV-1]

    NV • D

    Sponsored 12/6/2017

  • Rep. Panetta, Jimmy [D-CA-19]

    CA • D

    Sponsored 12/7/2017

  • Rep. McKinley, David B. [R-WV-1]

    WV • R

    Sponsored 12/11/2017

  • Rep. Wittman, Robert J. [R-VA-1]

    VA • R

    Sponsored 12/12/2017

  • Rep. Yoder, Kevin [R-KS-3]

    KS • R

    Sponsored 12/12/2017

  • Del. Radewagen, Aumua Amata Coleman [R-AS-At Large]

    AS • R

    Sponsored 12/14/2017

  • Rep. Peters, Scott H. [D-CA-50]

    CA • D

    Sponsored 12/18/2017

  • Rep. Byrne, Bradley [R-AL-1]

    AL • R

    Sponsored 12/18/2017

  • Rep. Kilmer, Derek [D-WA-6]

    WA • D

    Sponsored 1/9/2018

  • Rep. McSally, Martha [R-AZ-2]

    AZ • R

    Sponsored 1/9/2018

  • Rep. Bonamici, Suzanne [D-OR-1]

    OR • D

    Sponsored 1/17/2018

  • Rep. Cook, Paul [R-CA-8]

    CA • R

    Sponsored 1/30/2018

  • Rep. Barragán, Nanette Diaz [D-CA-44]

    CA • D

    Sponsored 2/6/2018

  • Rep. Esty, Elizabeth H. [D-CT-5]

    CT • D

    Sponsored 2/6/2018

  • Rep. DeFazio, Peter A. [D-OR-4]

    OR • D

    Sponsored 2/6/2018

  • Rep. Kelly, Trent [R-MS-1]

    MS • R

    Sponsored 2/26/2018

  • WALTER JONES

    NC • R

    Sponsored 3/13/2018

  • Rep. Gonzalez, Vicente [D-TX-34]

    TX • D

    Sponsored 4/11/2018

  • Rep. Katko, John [R-NY-24]

    NY • R

    Sponsored 5/9/2018

  • Rep. Comstock, Barbara [R-VA-10]

    VA • R

    Sponsored 6/5/2018

  • Sen. Gallego, Ruben [D-AZ]

    AZ • D

    Sponsored 6/5/2018

  • Rep. O'Halleran, Tom [D-AZ-1]

    AZ • D

    Sponsored 6/5/2018

  • Rep. Thompson, Mike [D-CA-4]

    CA • D

    Sponsored 6/5/2018

  • Rep. Lofgren, Zoe [D-CA-18]

    CA • D

    Sponsored 6/6/2018

  • Rep. Norman, Ralph [R-SC-5]

    SC • R

    Sponsored 6/12/2018

  • Rep. Poliquin, Bruce [R-ME-2]

    ME • R

    Sponsored 6/12/2018

  • Rep. Polis, Jared [D-CO-2]

    CO • D

    Sponsored 6/19/2018

  • Rep. Moulton, Seth [D-MA-6]

    MA • D

    Sponsored 7/18/2018

Roll Call Votes

No roll call votes available for this bill.

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