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Tax Credits for Veterans Establishing Franchises

This act introduces new tax credits for veterans who choose to purchase a franchise. Veterans can receive a 25% refund of the franchise fee, aiming to facilitate their entry into business ownership. Information about these opportunities will be widely disseminated to ensure all eligible veterans can benefit.
Key points
Veterans can receive a tax credit of 25% of the franchise purchase cost, up to a maximum of $400,000.
The credit applies to the one-time franchise fee and can be transferred to the franchisor in exchange for a discount.
The Department of Veterans Affairs and the Small Business Administration will publicize information about these credits and programs to veterans.
The amendments apply to taxable years beginning after December 31, 2020.
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Status:
Expired
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Additional Information
Print number: 117_HR_5920
Sponsor: Rep. Brownley, Julia [D-CA-26]
Process start date: 2021-11-09
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-2.5-flash
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Veteran Entrepreneurs Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_5920.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-11-09.

What are the main provisions?

Key points include:

  • Veterans can receive a tax credit of 25% of the franchise purchase cost, up to a maximum of $400,000.
  • The credit applies to the one-time franchise fee and can be transferred to the franchisor in exchange for a discount.
  • The Department of Veterans Affairs and the Small Business Administration will publicize information about these credits and programs to veterans.
  • The amendments apply to taxable years beginning after December 31, 2020.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Brownley, Julia [D-CA-26].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2026-01-02.

What is the impact of this bill?

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Taxes Benefits Economy