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H.R. 3950

Veteran Small Business Tax Credit Act of 2015

Veteran Small Business Tax Credit Act of 2015

This bill allows a new business-related tax credit for the start-up expenses of a veteran-owned small business. The allowable amount of such credit is 15% of start-up expenditures that do not exceed $80,000. The credit is allowed to any individual (or the surviving spouse of such individual) who: (1) has served on active duty in the U.S. Armed Forces, (2) was stationed outside the United States, and (3) was not discharged or released under dishonorable conditions.

Referred to the House Committee on Ways and Means.

Rep. Adams, Alma S. [D-NC-12](D-NC)Sponsor
6 cosponsors6 D
6cosponsors1committees3actions1related bills4subjects
  1. IntroReferralH11100

    Referred to the House Committee on Ways and Means.

    Ways and Means Committee
  2. IntroReferralIntro-H

    Introduced in House

  3. IntroReferral1000

    Introduced in House

Veteran Small Business Tax Credit Act of 2015 — Informed