Veterans Jobs Opportunity Act
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Sep 23, 2021)
Veterans Jobs Opportunity Act
This bill allows a new business-related tax credit for the start-up expenses of a veteran-owned small business in an underserved community.
The allowable amount of such credit is 15% of start-up expenditures that do not exceed $50,000. To be eligible for the credit, the small business must (1) be owned and controlled by one or more veterans or their spouses, and (2) have its principal place of business in an underserved community.
An underserved community is any area located within (1) a HUBZone (as defined by the Small Business Act), (2) an empowerment zone or an enterprise community, (3) an area of low income or moderate income (as recognized by the Federal Financial Institutions Examination Council), or (4) a county with persistent poverty (as classified by the Economic Research Service of the Department of Agriculture).
What just happenedSep 23, 2021
Referred to the House Committee on Ways and Means.
Who’s behind it
- Introduced in HouseSep 23, 2021
- Sep 23, 2021IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - Sep 23, 2021IntroReferralIntro-H
Introduced in House
- Sep 23, 2021IntroReferral1000
Introduced in House