Bill > S2812

This bill establishes a small business start-up tax credit for veterans creating businesses in underserved communities. The credit is equal to 15% of up to $50,000 in qualified start-up expenditures for an applicable veteran-owned small business, defined as a business owned and controlled by one or more veterans or their spouses, with a principal place of business in an underserved community. The bill also requires the Treasury Inspector General for Tax Administration to periodically evaluate the success and accountability of this tax credit.