US SB2100 | 2019-2020 | 116th Congress
Status
Spectrum: Bipartisan Bill
Status: Introduced on July 11 2019 - 25% progression, died in committee
Action: 2019-07-11 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on July 11 2019 - 25% progression, died in committee
Action: 2019-07-11 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Allows a new business-related tax credit for 15% of the start-up expenditures, up to a maximum of $50,000 in a taxable year, of a veteran-owned small business. The business must be owned and controlled by one or more veterans or their spouses and have its principal place of business in an underserved community. The bill defines "underserved community" as any area located within a HUBZone, an empowerment zone or enterprise community, an area of low or moderate income, or a county with persistent poverty.
Title
Veterans Jobs Opportunity Act
Sponsors
Sen. Jacky Rosen [D-NV] | Sen. Jerry Moran [R-KS] | Sen. Kevin Cramer [R-ND] | Sen. Doug Jones [D-AL] |
Sen. Steve Daines [R-MT] |
History
Date | Chamber | Action |
---|---|---|
2019-07-11 | Senate | Read twice and referred to the Committee on Finance. |
Same As/Similar To
HB186 (Related) 2019-01-03 - Referred to the House Committee on Ways and Means.
Subjects
Business investment and capital
Economic development
Income tax credits
Poverty and welfare assistance
Small business
Taxation
Veterans' education, employment, rehabilitation
Economic development
Income tax credits
Poverty and welfare assistance
Small business
Taxation
Veterans' education, employment, rehabilitation
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/116th-congress/senate-bill/2100/all-info |
Text | https://www.congress.gov/116/bills/s2100/BILLS-116s2100is.pdf |