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Tax Credits for Veterans Starting Franchises

This new act introduces tax credits for veterans who decide to purchase a franchise. They can receive a 25% refund of the franchise fee, up to a maximum of $400,000. The act aims to support entrepreneurship among veterans, making it easier for them to start businesses.
Key points
Veterans can receive a tax credit of 25% of the franchise fee, up to $400,000.
The credit applies to the one-time fee required when entering a franchise agreement.
The credit can be transferred to the franchisor in exchange for a discount on the franchise fee.
The Department of Veterans Affairs and Small Business Administration will publicize information about the program.
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Status:
Expired
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Additional Information
Print number: 118_HR_3214
Sponsor: Rep. Brownley, Julia [D-CA-26]
Process start date: 2023-05-11
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-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Veteran Entrepreneurs Act of 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_3214.

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 2023-05-11.

What are the main provisions?

Key points include:

  • Veterans can receive a tax credit of 25% of the franchise fee, up to $400,000.
  • The credit applies to the one-time fee required when entering a franchise agreement.
  • The credit can be transferred to the franchisor in exchange for a discount on the franchise fee.
  • The Department of Veterans Affairs and Small Business Administration will publicize information about the program.
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 2025-12-25.

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