H.R.3725 - Veterans Entrepreneurs Act of 2013113th Congress (2013-2014)
|Sponsor:||Rep. Flores, Bill [R-TX-17] (Introduced 12/12/2013)|
|Committees:||House - Ways and Means|
|Latest Action:||12/12/2013 Referred to the House Committee on Ways and Means. (All Actions)|
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Summary: H.R.3725 — 113th Congress (2013-2014)All Bill Information (Except Text)
Introduced in House (12/12/2013)
Veterans Entrepreneurs Act of 2013 - 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 a veteran for the purchase of a franchise. Reduces the amount of such credit if the veteran does not own 100% of the stock or capital or profits interest of the franchisee.
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.