Summary: H.R.3950 — 114th Congress (2015-2016)All Information (Except Text)

There is one summary for H.R.3950. Bill summaries are authored by CRS.

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Introduced in House (11/05/2015)

Veteran Small Business Tax Credit Act of 2015

This bill allows a new business-related tax credit for the start-up expenses of a veteran-owned small business. The allowable amount of such credit is 15% of start-up expenditures that do not exceed $80,000. The credit is allowed to any individual (or the surviving spouse of such individual) who: (1) has served on active duty in the U.S. Armed Forces, (2) was stationed outside the United States, and (3) was not discharged or released under dishonorable conditions.