H.R.3345 - Veterans Jobs Opportunity Act115th Congress (2017-2018) |
|Sponsor:||Rep. Lawson, Al, Jr. [D-FL-5] (Introduced 07/20/2017)|
|Committees:||House - Ways and Means|
|Latest Action:||House - 07/20/2017 Referred to the House Committee on Ways and Means. (All Actions)|
This bill has the status Introduced
Here are the steps for Status of Legislation:
- Passed House
- Passed Senate
- To President
- Became Law
Summary: H.R.3345 — 115th Congress (2017-2018)All Information (Except Text)
Introduced in House (07/20/2017)
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).