118th Congress Taxation
H.R. 3214: Veteran Entrepreneurs Act of 2023
Introduced
- Introduced (completed)
- Passed House (not reached)
- Passed Senate (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
This bill allows a business-related tax credit of 25% of up to $400,000 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 or released under conditions other than dishonorable; and who pays or incurs a franchise fee in connection with a franchise agreement with a franchisor.
The veteran may elect to transfer the credit to an eligible franchisor in exchange for a discount in the franchise fee commensurate with the value of the credit.
Read the full summary
The Small Business Administration and the Department of Veterans Affairs must provide information about the tax credit allowed by this bill to veterans service organizations and veteran advocacy groups.
Written by the Congressional Research Service, Library of Congress.
Roll calls
No roll call votes have been held on this bill.
Amendments
No amendments were offered to this bill.
Cosponsors
- Carol Miller R-WVOriginal
- Dina Titus D-NV
- Derek Kilmer D-WA
- Sylvia Garcia D-TX
Who scored on this bill
- 1Julia Brownley SponsorDrew cross-party cosponsors, introduced2 events+6
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Introductions and cosponsorships count toward weekly caps and show no points.
Other bills by Julia Brownley
- H.R. 658: To amend title 38, United States Code, to establish qualifications for the appointment of a person as a marriage and family therapist, qualified to provide clinical supervision, in the Veterans Health Administration.
- H.R. 659: Veterans Law Judge Experience Act of 2025
- H.R. 8063: To authorize the Secretary of the Army to posthumously award the Distinguished Service Cross to William D. Owens for his valorous actions from June 6, 1944, to June 8, 1944, during World War II at La Fiere Bridge in Normandy, France, while serving with the 505th Parachute Infantry.
- H.R. 542: Elizabeth Dole Home Care Act of 2023
History
- Introduced in the House by Julia Brownley.
Show the full action history (2 actions)
- Introduced in House
- Referred to the House Committee on Ways and Means.