Sens. Moran, Rosen Introduce Bipartisan Legislation to Cut Taxes for Veterans Opening Small Businesses

WASHINGTON
– U.S. Senators Jerry Moran (R-Kan.) and Jacky Rosen (D-Nev.) introduced a bipartisan bill to cut taxes for veterans who start a small business in underserved communities. The bipartisan
Veterans Jobs Opportunity Act
would create new tax credits to provide veterans who are starting a small business with a 15 percent tax credit on the first $50,000 of the startup costs.
“By offering support to veteran entrepreneurs, we can help bolster local economies and help veterans channel the military work ethic into creating new businesses,”
said Sen. Moran.
“Veteran-owned small businesses play an important role in rural communities and underserved areas, and this legislation will empower veterans to start their own businesses while benefiting the communities they invest in.”
“Our veterans deserve to have every resource available as they transition into civilian life,”
said Sen. Rosen.
“I’m proud to work across the aisle to cut taxes for Nevada veterans who start small businesses in our state and create jobs. As long as I’m in the Senate, I’ll continue working to ensure our veterans have all of the resources they need.”
Full text of the legislation can be found
HERE
.
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