,i  #aac? ,,congress  #a/ ,session  ,h4 
,r4 #cgbe  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,decemb] #ab1         
#bjac,mr4 ,flores 7= himself1 ,mr4      
,takano1 ,mr4 ,cook1 ,mr4 ,runyan1 ,mr4 
,s*neid]1 ,ms4 ,titus1 ,mr4 ,c(fman1 &  
,mr4 ,hanna7 introduc$ ! foll[+ bill2   
:i* 0 ref]r$ to ! ,committee on ,ways & 
,means  ,a ,,bill  ,to am5d ! ,int]nal  
,rev5ue ,code ( #aihf to all[ cr$its = !
 e/abli%m5t ( fran*ises ) vet]ans4  #a4 
,%ort title ,?is ,act may be cit$ z !   
,vet]ans ,entrepr5eurs ,act ( #bjac4    
#b4 ,vet]ans fran*is+ cr$it  7a7 ,9     
g5]al ,subp>t ,d ( "p ,,iv ( sub*apt] ,a
 ( *apt] #a ( ! ,int]nal ,rev5ue ,code (
 #aihf 7relat+ to bus9ess relat$ cr$its7
 is am5d$ by add+ at ! end ! foll[+ new 
section3  #de,s4 ,vet]ans fran*is+  7a7 
,vet]ans fran*ise fee cr$it  7#a7 ,9    
g5]al ,= purposes ( section #ch &       
subject to ! limitation set =? 9        
p>agraph 7#b71 ! vet]ans fran*ise fee   
cr$it det]m9$ "u ?is section = ! taxable
 ye> is an am\nt equal to #be p]c5t ( ! 

qualifi$ fran*ise fee paid or incurr$ by
 a qualifi$ vet]an 9 connection ) !     
pur*ase ( a fran*ise4  7#b7 ,limitation 
,! am\nt ( qualifi$ fran*ise fee tak5   
into acc\nt "u p>agraph 7#a7 %all n     
exce$ #djj1jjj4  7b7 ,r$uction :]e      
fran*ise n #ajj p]c5t vet]an-,own$ ,9 ! 
case ( any fran*ise 9 :i* vet]ans d n   
own #ajj p]c5t ( ! /ock or ! capital or 
pr(its int]e/s ( ! fran*isee1 ! cr$it "u
 subsection 7a7 %all be ! am\nt :i* be>s
 ! same ration to ! am\nt det]m9$ "u    
subsection 7a7 7)\t reg>d to ?is        
subsection7 z-- 7#a7 ! /ock or capital  
or pr(its int]e/s ( ! fran*ise held by  
vet]ans1 be>s to  7#b7 ! total /ock or  
capital or pr(its int]e/s ( ! fran*isee4
  ,= purposes ( ?is subsection1 ! sp\se 
( a vet]an %all be treat$ z a vet]an4   
7c7 ,qualifi$ fran*ise fee ,= purposes (
 ?is section1 ! t]m qualifi$ fran*ise   
fee means any "o-"t fee requir$ by !    
fran*isor :5 ent]+ into a fran*ise      
agreem5t ) a vet]an z ! fran*isee4  7d7 
,o!r def9itions ,= purposes ( ?is       

section1 ! t]ms fran*ise1 fran*isee1    
fran*isor1 & fran*ise fee h ! mean+s    
giv5 su* t]ms 9 "p #dcf ( title #af1    
,code ( ,f$]al ,regulations4  7e7       
,vet]an ,! t]m vet]an has ! mean+ giv5  
su* t]m by section #aja ( title #ch1    
,unit$ ,/ates ,code4  7f7 ,election ,?is
 section %all n apply to a taxpay] = any
 taxable ye> if su* taxpay] elects to h 
?is section n apply = su* taxable ye>4  
4  7b7 ,cr$it ,to be "p ( g5]al bus9ess 
cr$it ,section #ch7;b7 ( su* ,code is   
am5d$ by /rik+ plus at ! end ( p>agraph 
7#ce71 by /rik+ ! p]iod at ! end (      
p>agraph 7#cf7 & ins]t+ 1 plus1 & by    
add+ at ! end ! foll[+ new p>agraph3    
7#cg7 ! vet]ans fran*ise fee cr$it      
det]m9$ "u section #de,s7a74  4  7c7    
,cl]ical am5dm5t ,! table ( sections =  
subp>t ,d ( "p ,,iv ( sub*apt] ,a (     
*apt] #a ( su* ,code is am5d$ by add+ at
 ! end ! foll[+ new item3  ,sec4 #de,s4 
,vet]ans fran*is+4  4  7d7 ,effective   
date ,! am5dm5ts made by ?is section    
%all apply to taxable ye>s beg9n+ aft]  

,decemb] #ca1 #bjac4  #c4 ,publication (
 in=mation by ,dep>tm5t ( ,vet]ans      
,affairs & ,small ,bus9ess ,adm9i/ration
 ,! ,adm9i/rator ( ! ,small ,bus9ess    
,adm9i/ration & ! ,secret>y ( ,vet]ans  
,affairs %all publicize 9 mail+s &      
bro*ures s5t to vet]ans s]vice          
organizations & vet]an advocacy gr\ps   
in=mation reg>d+ disc\nt$ fran*ise fees 
"u section #de,s ( ! ,int]nal ,rev5ue   
,code ( #aihf & o!r in=mation ab\t !    
program e/abli%$ "u am5dm5ts made by ?is
 ,act4