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.