Veterans Jobs Opportunity Act

This bill allows veteran-owned small businesses in underserved communities to claim a tax credit for qualified start-up expenses in the amount of 15% (up to $50,000) of such expenses. (Conditions and limitations apply.)

Under the bill, a business qualifies for the veteran small business start-up tax credit if it

is owned and controlled by one or more veterans (or spouses of veterans);

is located in a Historically Underutilized Business Zone (HUBZone) program area, empowerment zone or enterprise community, an area of low or moderate income, or county with persistent poverty; and

Summary by the Congressional Research Service.