Search Results: keywords:"hubzones"

  • S. 4856 — To amend the Internal Revenue Code of 1986 to establish a small business start-up tax credit for veterans creating businesses in underserved communities.
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    Status:Introduced in Senate
    Words:1,466

    S. 4856, known as the "Veterans Jobs Opportunity Act," proposes an amendment to the Internal Revenue Code to provide a tax credit for veterans who start small businesses in underserved communities. The bill allows veterans or their spouses, who own and control a business in these areas, to...

    Simple Explanation

    The bill wants to help veterans, or their spouses, start small businesses by giving them a special tax discount if they set up shop in areas that need more help. They can get some of the money they spend starting up back, which makes it easier to open their business and hopefully help the community grow.

  • H. R. 1298 — To amend the Internal Revenue Code of 1986 to establish a small business start-up tax credit for veterans creating businesses in underserved communities.
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    Status:Introduced in House
    Words:1,392

    H. R. 1298, also known as the "Veterans Jobs Opportunity Act," aims to amend the Internal Revenue Code to offer a tax credit for veterans starting small businesses in underserved areas. The credit allows eligible veteran-owned small businesses to claim 15% of their qualified...

    Simple Explanation

    H.R. 1298 is a law idea that wants to help veterans start small businesses in places that really need new jobs. It offers them a special money-saving deal called a "tax credit" that helps them save up to $50,000 on their business start-up costs.

  • S. 5634 — To establish a grant program under the Small Business Administration, and for other purposes.
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    Status:Introduced in Senate
    Words:1,365

    S. 5634 aims to create a grant program managed by the Small Business Administration to support individuals and organizations identified as eligible recipients. It focuses on providing financial assistance to businesses in low- to moderate-income areas, HUBZones, rural areas,...

    Simple Explanation

    The government wants to give money to small businesses in areas that need help, like places hit by disasters or where people don't have much money. They will keep track of who gets the money to make sure it's fair, and businesses can also ask for more help if they need it.