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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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Additional Information
Print number: 118_HR_3214
Sponsor: Rep. Brownley, Julia [D-CA-26]
Process start date: 2023-05-11
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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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.

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