Summary: H.R.4039 — 114th Congress (2015-2016)All Information (Except Text)

There is one summary for H.R.4039. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (11/17/2015)

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, and (2) has not been discharged or released from the Armed Forces under dishonorable conditions.