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.