Veterans Jobs Opportunity Act

This bill lets small businesses owned by veterans or their spouses get a tax credit worth 15% of their start-up costs, up to $50,000, if the business is located in certain underserved or low-income areas. To qualify, the business must have had $5 million or less in sales the year before, or had 50 or fewer full-time workers. The tax credit can only be used during the first two tax years of the business, and start-up costs include things like buying or renting property and expenses related to getting the business up and running. The bill also requires a government office to report to Congress every four years on how the tax credit is working.

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