S 2443
Veterans Jobs Opportunity Act
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To President
- Became Law
Bill overview
The Veterans Jobs Opportunity Act creates a tax credit for veterans who start small businesses in underserved communities. This credit allows eligible veteran-owned businesses to claim a 15% tax credit on qualified start-up expenses, up to a maximum of $50,000 per year. The bill defines ‘applicable veteran-owned small business’ and ‘underserved community’ to ensure the credit benefits veterans and supports economic development in designated areas. It also includes provisions for reporting and evaluation of the credit’s effectiveness.
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