H.R. 2672 would amend the Internal Revenue Code of 1986 to allow credits for the establishment of franchises with veterans.
Detailed Summary
Help Veterans Own Franchises Act - Amends the Internal Revenue Code to allow business franchisors and veterans who purchase a franchise tax credits for a specified percentage of the fees paid to purchase the franchise.
Requires the Administrator of the Small Business Administration and the Secretary of Veterans Affairs to provide information about the tax credits in this Act to veterans service organizations and advocacy groups.
Status of the Legislation
Latest Major Action: 6/3/2009: Referred to House committee. Status: Referred to the House Committee on Ways and Means.
Points in Favor
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Points Against
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