Help Veterans Own Franchises Act
Latest action · Sep 12, 2011 Referred to the House Committee on Ways and Means.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedSep 12, 2011
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Help Veterans Own Franchises Act - Amends the Internal Revenue Code to allow a business-related tax credit for 25% of a qualified franchise fee of up to $400,000 paid or incurred by a veteran for the purchase of a franchise.
Directs the Administrator of the Small Business Administration (SBA) and the Secretary of Veterans Affairs (VA) to provide information about the tax credit allowed by this Act to veterans service organizations and veteran advocacy groups.
Cosponsors 24
Members who signed on, in the order they did. Signatures ran from Sep 12, 2011 to Sep 10, 2012; 1 is an original cosponsor, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-IA | Leonard L. Boswell | Original | Sep 12, 2011 |
| R-CA | Duncan Hunter | Sep 20, 2011 | |
| R-NC | Walter B. Jones | Sep 20, 2011 | |
| R-NY | Richard L. Hanna | Sep 22, 2011 | |
| R-NC | Sue Wilkins Myrick | Sep 23, 2011 | |
| D-OR | Kurt Schrader | Oct 3, 2011 | |
| R-NY | Peter T. King | Oct 5, 2011 | |
| R-TX | Ted Poe | Oct 5, 2011 | |
| R-TX | John R. Carter | Oct 11, 2011 | |
| R-NY | Michael G. Grimm | Oct 12, 2011 | |
| R-MI | Thaddeus G. McCotter | Oct 12, 2011 | |
| D-IL | Jesse L. Jackson, Jr. | Oct 14, 2011 | |
| D-CA | John Garamendi | Oct 24, 2011 | |
| D-PA | Robert A. Brady | Oct 24, 2011 | |
| R-OH | Bill Johnson | Oct 25, 2011 | |
| R-TX | Bill Flores | Oct 27, 2011 | |
| R-MO | Blaine Luetkemeyer | Nov 1, 2011 | |
| D-NJ | Rush Holt | Nov 14, 2011 | |
| R-CA | Elton Gallegly | Nov 18, 2011 | |
| D-HI | Mazie K. Hirono | Jan 24, 2012 | |
| D-ME | Michael H. Michaud | Feb 17, 2012 | |
| R-KS | Kevin Yoder | Apr 26, 2012 | |
| D-NY | Charles B. Rangel | May 16, 2012 | |
| D-AZ | Raúl M. Grijalva | Sep 10, 2012 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Ways and Means Committee | Referred Sep 12, 2011 |
Actions 2
Everything that happened, newest first.
- Sep 12, 2011Introduced in House
- Sep 12, 2011Referred to the House Committee on Ways and Means.
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Constitutional authority
The sponsor’s statement, as printed in the page H6097.
Related bills 3
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 1540 | Help Veterans Own Franchises Act | Related bill | Sep 12, 2011 |
| S 1866 | AGREE Act | Related bill | Nov 16, 2011 |
| HR 3476 | AGREE Act | Related bill | Jan 12, 2012 |
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To amend the Internal Revenue Code of 1986 to allow credits for the establishment of franchises with veterans.
- Short Titles as Introduced
- Help Veterans Own Franchises Act
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
Text 1
Each version as it was printed, newest first.
- Sep 12, 2011Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
