HR 4039 · 114th Congress · Taxation
Veteran Small Business Tax Credit Act of 2015
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the House Committee on Ways and Means.(2015-11-17)
Plain Language Summary
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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.…
Summarized by Claude AI · Non-partisan · For informational purposes only