0
0

Veterans Jobs Opportunity Act

12/30/2022, 11:48 AM

Congressional Summary of S 2812

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 $50,000. To be eligible for the credit, the small business must (1) be owned and controlled by one or more veterans or their spouses, and (2) have its 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).

Read the Full Bill

Formatted TextPDFFormatted XML

Current Status of Bill S 2812

Bill S 2812 is currently in the status of Bill Introduced since September 23, 2021. Bill S 2812 was introduced during Congress 117 and was introduced to the Senate on September 23, 2021.  Bill S 2812's most recent activity was Read twice and referred to the Committee on Finance. as of September 23, 2021

Bipartisan Support of Bill S 2812

Total Number of Sponsors
1
Democrat Sponsors
1
Republican Sponsors
0
Unaffiliated Sponsors
0
Total Number of Cosponsors
1
Democrat Cosponsors
0
Republican Cosponsors
1
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill S 2812

Primary Policy Focus

Taxation

Potential Impact Areas

- Business investment and capital
- Economic development
- Income tax credits
- Poverty and welfare assistance
- Small business
- Veterans' education, employment, rehabilitation

Alternate Title(s) of Bill S 2812

Veterans Jobs Opportunity Act
A bill to amend the Internal Revenue Code of 1986 to establish a small business start-up tax credit for veterans creating businesses in underserved communities.
Veterans Jobs Opportunity Act

Comments

Sponsors and Cosponsors of S 2812

Jacky Rosen
Jacky Rosen
NevadaDemocrat
Jerry Moran
Jerry Moran
KansasRepublican

Latest Bills

Ratepayer Protection Act
Bill HR 9340September 17, 2026
To designate the facility of the United States Postal Service located at 825 Highway 198 in Beaumont, Mississippi, as the "Jeremy Malone Post Office".
Bill HR 6995September 17, 2026
To designate the facility of the United States Postal Service located at 298 Route 292 in Holmes, New York, as the "Sheriff Adrian "Butch" Anderson Post Office Building".
Bill HR 1008September 17, 2026
To designate the facility of the United States Postal Service located at 417 West 7th Street in Columbia, Tennessee, as the "Pharmacist’s Mate First Class John Harlan Willis Post Office Building".
Bill HR 6808September 17, 2026
To designate the facility of the United States Postal Service located at 14855 South Van Dyke Road in Plainfield, Illinois, as the "Staff Sergeant Jose Dueñez Jr. Post Office Building".
Bill HR 6020September 17, 2026
To designate the facility of the United States Postal Service located at 300 Macedonia Lane in Knoxville, Tennessee, as the "Reverend Harold Middlebrook Post Office Building".
Bill HR 1372September 17, 2026
To designate the facility of the United States Postal Service located at 3570 Olney Laytonsville Road in Olney, Maryland, as the "Edward L. Ramsey Olney Post Office Building".
Bill HR 6310September 17, 2026
To designate the facility of the United States Postal Service located at 12208 North 19th Avenue in Phoenix, Arizona, as the "Officer Zane T. Coolidge Post Office".
Bill HR 3393September 17, 2026
To designate the facility of the United States Postal Service located at 13355 North Lon Adams Road in Marana, Arizona, as the "Mayor Ed Honea Memorial Post Office".
Bill HR 6247September 17, 2026
To designate the facility of the United States Postal Service located at 130 South Patterson Avenue in Santa Barbara, California, as the "Brigadier General Frederick R. Lopez Post Office Building".
Bill HR 2175September 17, 2026
Veterans Jobs Opportunity Act
Bill HR 5354December 31, 2022