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Support Builds for Veterans Franchise Tax Credit Bill

Following IFA’s recent 10th Annual Public Affairs Conference, support is building for IFA-endorsed legislation that would establish a tax credit for getting veterans into franchised businesses.  The Help Veterans Own Franchises Act, introduced June 3 by U.S. Reps. Leonard Boswell (D-Iowa) and Aaron Schock (R-Ill.), would create a tax credit for franchise businesses that choose to offer qualified veterans a discounted initial franchise fee.  The credit would be 50 percent of the total franchise fee discount offered to the franchisee, capped at $25,000 per unit.  It also provides a credit to veterans who open a business in their local community.
 
 

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