H.R.446: Veteran Entrepreneurs Act of 2019

About This Bill

Bill Summary

Veteran Entrepreneurs Act of 2019 This bill 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...

(Source: Congressional Research Service)

Bill Actions

Date Description
Jan. 10
Referred to the House Committee on Ways and Means.
Jan. 10

Introduced in the House by Julia Brownley (D-Calif.)

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