Summary: H.R.2764 — 115th Congress (2017-2018)All Information (Except Text)

There is one summary for H.R.2764. Bill summaries are authored by CRS.

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Introduced in House (05/30/2017)

Veteran Small Business Tax Credit Act of 2017

This bill amends the Internal Revenue Code to allow 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 Armed Forces, and (2) has not been discharged or released from the Armed Forces under dishonorable conditions.