Veterans Jobs Opportunity Act
Latest action · Jul 20, 2017 Referred to the House Committee on Ways and Means.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedJul 20, 2017
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Veterans Jobs Opportunity Act
This bill amends the Internal Revenue Code to allow a new business-related tax credit for the start-up expenses of a veteran-owned small business in an underserved community.
The allowable amount of such credit is 15% of start-up expenditures that do not exceed $80,000. To be eligible for the credit, the small business must (1) be owned and controlled by one or more veterans or spouses of veterans, and (2) have a principal place of business in an underserved community.
An "underserved community" is any area located within: (1) a HUBZone (as defined by the Small Business Act), (2) an empowerment zone or an enterprise community, (3) an area of low income or moderate income (as recognized by the Federal Financial Institutions Examination Council), or (4) a county with persistent poverty (as classified by the Economic Research Service of the Department of Agriculture).
Cosponsors 39
Members who signed on, in the order they did. Signatures ran from Jul 20, 2017 to Nov 9, 2017; 23 are original cosponsors, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-NY | Adriano Espaillat | Original | Jul 20, 2017 |
| D-FL | Alcee L. Hastings | Original | Jul 20, 2017 |
| D-NC | Alma S. Adams | Original | Jul 20, 2017 |
| D-CA | Barbara Lee | Original | Jul 20, 2017 |
| D-NJ | Bonnie Watson Coleman | Original | Jul 20, 2017 |
| D-NH | Carol Shea-Porter | Original | Jul 20, 2017 |
| D-HI | Colleen Hanabusa | Original | Jul 20, 2017 |
| D-FL | Darren Soto | Original | Jul 20, 2017 |
| D-NJ | Donald M. Payne, Jr. | Original | Jul 20, 2017 |
| D-PA | Dwight Evans | Original | Jul 20, 2017 |
| D-NJ | Frank Pallone, Jr. | Original | Jul 20, 2017 |
| D-NC | G. K. Butterfield | Original | Jul 20, 2017 |
| D-CA | J. Luis Correa | Original | Jul 20, 2017 |
| D-OH | Joyce Beatty | Original | Jul 20, 2017 |
| D-CA | Julia Brownley | Original | Jul 20, 2017 |
| D-TX | Marc A. Veasey | Original | Jul 20, 2017 |
| D-CA | Mike Thompson | Original | Jul 20, 2017 |
| D-CA | Nanette Diaz Barragán | Original | Jul 20, 2017 |
| D-NY | Nydia M. Velázquez | Original | Jul 20, 2017 |
| D-GA | Sanford D. Bishop, Jr. | Original | Jul 20, 2017 |
| D-HI | Tulsi Gabbard | Original | Jul 20, 2017 |
| D-TX | Vicente Gonzalez | Original | Jul 20, 2017 |
| D-NY | Yvette D. Clarke | Original | Jul 20, 2017 |
| D-TX | Gene Green | Jul 24, 2017 | |
| D-MD | Anthony G. Brown | Jul 28, 2017 | |
| D-CA | Jim Costa | Jul 28, 2017 | |
| D-CA | Mark Takano | Jul 28, 2017 | |
| D-FL | Frederica S. Wilson | Sep 25, 2017 | |
| D-MA | James P. McGovern | Sep 26, 2017 | |
| D-FL | Val Butler Demings | Oct 4, 2017 | |
| D-DC | Eleanor Holmes Norton | Nov 7, 2017 | |
| D-CA | Grace F. Napolitano | Nov 7, 2017 | |
| D-NY | Thomas R. Suozzi | Nov 7, 2017 | |
| D-OH | Tim Ryan | Nov 7, 2017 | |
| D-TX | Al Green | Nov 8, 2017 | |
| D-IN | André Carson | Nov 8, 2017 | |
| D-CA | Norma J. Torres | Nov 8, 2017 | |
| D-NV | Jacky Rosen | Nov 9, 2017 | |
| D-NY | Sean Patrick Maloney | Nov 9, 2017 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Ways and Means Committee | Referred Jul 20, 2017 |
Actions 2
Everything that happened, newest first.
- Jul 20, 2017Introduced in House
- Jul 20, 2017Referred to the House Committee on Ways and Means.
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Constitutional authority
The sponsor’s statement, as printed in the Congressional Record, vol. 163, no. 123, July 20, 2017, page H6146.
Printed hearings 1
Hearings whose printed record names this bill, newest first: hearings on it, and wider hearings where it came up.
| Number | Hearing | Committee | Held |
|---|---|---|---|
| 115-47 | HIRING MORE HEROES: A REVIEW OF SBA'S OFFICE OF VETERANS BUSINESS DEVELOPMENT32 pages | Small Business Committee | Nov 8, 2017 |
Related bills 2
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HR 186 | Veterans Jobs Opportunity Act | Reintroduced Bill | Jan 3, 2019 |
| HR 2764 | Veteran Small Business Tax Credit Act of 2017 | Related bill | May 30, 2017 |
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To amend the Internal Revenue Code of 1986 to establish a small business start-up tax credit for veterans creating businesses in underserved communities.
- Short Titles as Introduced
- Veterans Jobs Opportunity Act
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
Text 1
Each version as it was printed, newest first.
- Jul 20, 2017Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
