HR 2888 · 112th Congress · Taxation

Help Veterans Own Franchises Act

Introduced 2011-09-12· Sponsored by Rep. Schock, Aaron [R-IL-18]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2011-09-12)

Plain Language Summary

[AI summary unavailable — showing source text] Help Veterans Own Franchises Act - Amends the Internal Revenue Code to allow a business-related tax credit for 25% of a qualified franchise fee of up to $400,000 paid or incurred by a veteran for the purchase of a franchise. 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.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (20)

7 Democrats13 Republicans
Rep. Boswell, Leonard L. [D-IA-3]IA
Rep. Jones, Walter B., Jr. [R-NC-3]NC
Rep. Hunter, Duncan D. [R-CA-52]CA
Rep. Hanna, Richard L. [R-NY-24]NY
Rep. Myrick, Sue Wilkins [R-NC-9]NC
Rep. Schrader, Kurt [D-OR-5]OR
Rep. Poe, Ted [R-TX-2]TX
Rep. King, Peter T. [R-NY-3]NY
Rep. Carter, John R. [R-TX-31]TX
Rep. McCotter, Thaddeus G. [R-MI-11]MI
Rep. Grimm, Michael G. [R-NY-13]NY
Rep. Jackson, Jesse L., Jr. [D-IL-2]IL
Rep. Garamendi, John [D-CA-10]CA
Rep. Brady, Robert A. [D-PA-1]PA
Rep. Johnson, Bill [R-OH-6]OH
Rep. Flores, Bill [R-TX-17]TX
Rep. Luetkemeyer, Blaine [R-MO-9]MO
Rep. Holt, Rush [D-NJ-12]NJ
Rep. Gallegly, Elton [R-CA-24]CA
Rep. Hirono, Mazie K. [D-HI-2]HI