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Tax Credit for Veterans Starting Businesses in Underserved Areas.

This act introduces a new tax credit for veterans and their spouses who establish small businesses in economically disadvantaged areas. The goal is to foster job creation and economic growth in these communities. This allows veterans to recover a portion of their business start-up costs.
Key points
Veterans and their spouses can receive a tax credit of up to 15% of qualified start-up expenditures, with a maximum of $50,000.
The credit applies to businesses established in areas designated as underserved, such as HUBZones, empowerment zones, low-income areas, or persistent poverty counties.
The business must be a small enterprise, owned and controlled by a veteran or their spouse, with annual gross receipts up to $5 million or employing up to 50 full-time employees.
The credit can be claimed during the first two taxable years of the business's operation, aiming to encourage investment in local communities.
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Status: Introduced
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Additional Information
Print number: 119_S_2443
Sponsor: Sen. Rosen, Jacky [D-NV]
Process start date: 2025-07-24
System Note: Lustra is free, publicly auditable civic infrastructure — full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source—always verify them if you can.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Veterans Jobs Opportunity Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_S_2443.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2025-07-24.

What are the main provisions?

Key points include:

  • Veterans and their spouses can receive a tax credit of up to 15% of qualified start-up expenditures, with a maximum of $50,000.
  • The credit applies to businesses established in areas designated as underserved, such as HUBZones, empowerment zones, low-income areas, or persistent poverty counties.
  • The business must be a small enterprise, owned and controlled by a veteran or their spouse, with annual gross receipts up to $5 million or employing up to 50 full-time employees.
  • The credit can be claimed during the first two taxable years of the business's operation, aiming to encourage investment in local communities.
What is the specific legal status?

The current status is Introduced.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Rosen, Jacky [D-NV].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-23.

What is the impact of this bill?

We don't know—that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Taxes Labor Economy