,,ii  #aacth ,,congress  #ast ,session  
,s4 #ajae  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,may #bb1 #bjac
 ,mr4 ,casey 7for himself and ,mr4      
,rubio7 introduced the following bill2  
which was read twice and referred to the
 ,committee on ,finance  ,a ,,bill  ,to 
amend the ,internal ,revenue ,code of   
#aihf to allow credits for the purchase 
of franchises by veterans4  #a4 ,short  
title ,this ,act may be cited as the    
,help ,veterans ,own ,franchises ,act4  
#b4 ,veterans franchise fee credit  7a7 
,in general ,subpart ,d of part ,,iv of 
subchapter ,a of chapter #a of the      
,internal ,revenue ,code of #aihf is    
amended by adding at the end the        
following new section3  #de,s4 ,veterans
 franchise fee credit  7a7 ,veterans    
franchise fee credit  7#a7 ,in general  
,for purposes of section #ch1 the       
veterans franchise fee credit determined
 under this section for the taxable year
 is an amount equal to #be percent of   
the qualified franchise fees paid or    

incurred by a veteran during the taxable
 year4  7#b7 ,limitation ,the amount    
allowed as a credit under paragraph 7#a7
 with respect to the purchase of any    
franchise shall not exceed #ajj1jjj4    
7b7 ,reduction where franchise not #ajj 
percent veteran-,owned ,in the case of  
any franchise in which veterans do not  
own #ajj percent of the stock or of the 
capital or profits interests of the     
franchise1 the credit under subsection  
7a7 shall be the credit amount          
determined under such subsection1       
multiplied by the same ratio as--  7#a7 
the stock or capital or profits         
interests of the franchise held by      
veterans1 bears  7#b7 to the total stock
 or capital or profits interests of the 
franchise4  ,for purposes of this       
subsection1 the spouse of a veteran     
shall be treated as a veteran4  7c7     
,qualified franchise fee ,for purposes  
of this section1 the term qualified     
franchise fee means any one-time fee    
required by the franchisor when entering

 into a franchise agreement with a      
veteran as the franchisee4  7d7 ,other  
definitions ,for purposes of this       
section1 the terms franchise1           
franchisee1 franchisor1 and franchise   
fee have the meanings given such terms  
in part #dcf of title #af1 ,code of     
,federal ,regulations 7as in effect on  
,january #a1 #bjac74  7e7 ,veteran ,the 
term veteran has the meaning given such 
term by section #aja of title #ch1      
,united ,states ,code4  7f7 ,election   
,this section shall not apply to a      
taxpayer for any taxable year if such   
taxpayer elects to have this section not
 apply for such taxable year4  4  7b7   
,credit ,to be part of general business 
credit ,section #ch7;b7 of the ,internal
 ,revenue ,code of #aihf is amended by  
striking plus at the end of paragraph   
7#ce71 by striking the period at the end
 of paragraph 7#cf7 and inserting 1     
plus1 and by adding at the end the      
following new paragraph3  7#cg7 the     
veterans franchise fee credit determined

 under section #de,s7a74  4  7c7        
,clerical amendment ,the table of       
sections for subpart ,d of part ,,iv of 
subchapter ,a of chapter #a of the      
,internal ,revenue ,code of #aihf is    
amended by adding at the end the        
following new item3  ,sec4 #de,s4       
,veterans franchise fee credit4  4  7d7 
,effective date ,the amendments made by 
this section shall apply to taxable     
years ending after ,december #ca1 #bjab4
  #c4 ,publication of information by    
,department of ,veterans ,affairs and   
,small ,business ,administration ,the   
,administrator of the ,small ,business  
,administration and the ,secretary of   
,veterans ,affairs shall publicize in   
mailings and brochures sent to veterans 
service organizations and veteran       
advocacy groups information regarding   
discounted franchise fees under section 
#de,s of the ,internal ,revenue ,code of
 #aihf and other information about the  
program established under amendments    
made by this ,act4