H.R. 3950 · 114th Congress
Veteran Small Business Tax Credit Act of 2015
- Stage
- In committee
- Sponsor
- Alma Adams
- Introduced
- 2015-11-05
- Latest action
- 2015-11-05 · Introduced in House
Summary
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.