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S. 2443: Veterans Jobs Opportunity Act

119th Congress · introduced 2025-07-24 · Taxation · Latest: Read twice and referred to the Committee on Finance.

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Official title

Veterans Jobs Opportunity Act

Plain summary

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 has gross receipts for the prior tax year of $5 million or less (or employed 50 or fewer full-time employees in the prior tax year). The bill generally defines qualified start-up expenses as amounts incurred or paid to investigate the creation or acquisition of the business, create the business, engage in activities for the production of income before the day the business opens, and purchase or lease real property (or purchase personal property) for use in the active conduct of a trade or business. However, under the bill, the veteran small business start-up tax credit is allowed only in the first two tax years for which a business may claim a tax deduction for ordinary and necessary trade or business expenses. Finally, the bill requires the Treasury Inspector General for Tax Administration to provide an evaluation of the veteran small business start-up tax credit to Congress every four years.

Congressional Research Service summary (Introduced in Senate), quoted unchanged (nonpartisan). Read the source.

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Needs sources: no published alternatives yet (for example a different bill, a law instead of an amendment, or keeping current law). We only show items backed by a published source. Suggest one.

Officials and money

Sponsor: Sen. Rosen, Jacky [D-NV] · 1 cosponsors

Money: No cost estimate published yet. No linked contracts or vendors yet.

Sources

• Congressional Research Service summary (Introduced in Senate)
• Congress.gov
• Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-119s2443.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/119/s>

Record fed-us-cong119-s2443 · catalog fed-us-congress-bills-cong119 · updated 2026-11-03 by psicol fed-bills