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Introduced on February 13, 2025 by Don Davis
This bill creates a new federal tax credit to help veterans start small businesses in underserved communities. It lets eligible owners claim 15% of their qualified start‑up costs, up to $50,000, for a maximum credit of $7,500. You have to choose (elect) to use the credit, and you can only use it during your first two tax years with normal, deductible business expenses.
Overall, this aims to lower upfront costs for veteran‑owned small businesses in areas that need more investment.