,,ii  #aac? ,,congress  #a/ ,session    
,s4 #ajae  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,may #bb1 #bjac ,mr4   
,casey 7= himself & ,mr4 ,rubio7        
introduc$ ! foll[+ bill2 :i* 0 read     
twice & ref]r$ to ! ,committee on       
,f9ance  ,a ,,bill  ,to am5d ! ,int]nal 
,rev5ue ,code ( #aihf to all[ cr$its = !
 pur*ase ( fran*ises by vet]ans4  #a4   
,%ort title ,?is ,act may be cit$ z !   
,help ,vet]ans ,own ,fran*ises ,act4    
#b4 ,vet]ans fran*ise fee cr$it  7a7 ,9 
g5]al ,subp>t ,d ( "p ,,iv ( sub*apt] ,a
 ( *apt] #a ( ! ,int]nal ,rev5ue ,code (
 #aihf is am5d$ by add+ at ! end !      
foll[+ new section3  #de,s4 ,vet]ans    
fran*ise fee cr$it  7a7 ,vet]ans        
fran*ise fee cr$it  7#a7 ,9 g5]al ,=    
purposes ( section #ch1 ! 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
 fees paid or incurr$ by a vet]an dur+ !
 taxable ye>4  7#b7 ,limitation ,! am\nt
 all[$ z a cr$it "u p>agraph 7#a7 )     

respect to ! pur*ase ( any fran*ise %all
 n exce$ #ajj1jjj4  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*ise1 ! cr$it 
"u subsection 7a7 %all be ! cr$it am\nt 
det]m9$ "u su* subsection1 multipli$ by 
! same ratio z--  7#a7 ! /ock or capital
 or pr(its int]e/s ( ! fran*ise held by 
vet]ans1 be>s  7#b7 to ! total /ock or  
capital or pr(its int]e/s ( ! fran*ise4 
,= 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 ,regulations 7z 9 effect 
on ,janu>y #a1 #bjac74  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 ( ! ,int]nal ,rev5ue   
,code ( #aihf 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 ( ! ,int]nal ,rev5ue ,code (   
#aihf is am5d$ by add+ at ! end ! foll[+
 new item3  ,sec4 #de,s4 ,vet]ans       
fran*ise fee cr$it4  4  7d7 ,effective  
date ,! am5dm5ts made by ?is section    
%all apply to taxable ye>s end+ aft]    
,decemb] #ca1 #bjab4  #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