Commemorating the 75th anniversary of the United Negro College Fund, Inc.
- Last Action
- 3/7/2019
Actions
- 2019-01-03Referred to the House Committee on Ways and Means.
- 2019-01-03Introduced in House
- 2019-01-03Introduced in House
CRS Summary
As of 2019-01-03 (00)
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 $80,000. To be eligible for the credit, the small business must (1) be owned and controlled by one or more veterans or spouses of veterans, and (2) have a 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).
Cosponsors (20)
- ELEANOR NORTON (D-DC)
- Yvette Clarke (D-NY)
- Darren Soto (D-FL)
- Vicente Gonzalez (D-TX)
- Adriano Espaillat (D-NY)
- TIM RYAN (D-OH)
- SHEILA JACKSON LEE (D-TX)
- GRACE NAPOLITANO (D-CA)
- Donald Payne (D-NJ)
- FRANK PALLONE (D-NJ)
- SANFORD BISHOP (D-GA)
- JAMES MCGOVERN (D-MA)
- LUCILLE ROYBAL-ALLARD (D-CA)
- ALCEE HASTINGS (D-FL)
- Frederica Wilson (D-FL)
- Albio Sires (D-NJ)
- Debbie Wasserman Schultz (D-FL)
- Ruben Gallego (D-AZ)
- Julia Brownley (D-CA)
- Steve Cohen (D-TN)
Subjects
- Business investment and capital
- Economic development
- Income tax credits
- Poverty and welfare assistance
- Small business
- Veterans' education, employment, rehabilitation
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.