US HB3345 | 2017-2018 | 115th Congress

Status

Sponsorship: Partisan Bill (Democrat 40)
Status: Introduced on July 20 2017 - 25% progression, died in committee
Action: 2017-07-20 - 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 amends the Internal Revenue Code to allow 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. The credit is allowed to any individual (or the surviving spouse of such individual) who: (1) has served on active duty in the Armed Forces, and (2) has not been discharged or released from the Armed Forces under dishonorable conditions. 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
2017-07-20HouseReferred to the House Committee on Ways and Means.
2017-07-20HouseIntroduced in House

Same As/Similar To

HB2764 (Related) 2017-05-30 - Referred to the House Committee on Ways and Means.

Subjects


US Congress State Sources


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