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HR 1298119th CongressIntroduced
Veterans Jobs Opportunity Act
Introduced: Oct 29, 2025
Standard Summary
Comprehensive overview in 1-2 paragraphs
Establishes a 15% tax credit for veterans creating small businesses in underserved communities, up to $50,000 in startup expenses.
Key Points
- 1Provides 15% credit for qualified startup expenditures up to $50,000
- 2Applies to veteran-owned small businesses in underserved communities
- 3Limits to first two years of business operation
- 4Requires veteran ownership and control (over 50%)
- 5Defines underserved communities as HUBZone, empowerment zones, or low-income areas
- 6Includes Treasury IG reporting requirements every four years
Impact Areas
Veteran entrepreneursSmall business developmentUnderserved community economic developmentFederal tax incentivesWorkforce development
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