US HB186 | 2019-2020 | 116th Congress

Status

Spectrum: Partisan Bill (Democrat 29-0)
Status: Introduced on January 3 2019 - 25% progression
Action: 2019-01-03 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

Summary

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).

Tracking Information

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Title

Veterans Jobs Opportunity Act

Sponsors


History

DateChamberAction
2019-01-03HouseReferred to the House Committee on Ways and Means.
2019-01-03HouseIntroduced in House

Subjects


US Congress State Sources


Bill Comments

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