To amend the Internal Revenue Code of 1986 to establish a small business start-up tax credit for veterans creating businesses in underserved communities.
Summary
What This Bill Does
The bill creates veteran small business start-up credit Subpart D of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by adding at the end the following new section: 45BB.Veteran small and requires 45BB. Veteran small business start-up credit. It relies on definition changes, compliance mandates, tax credits, and reporting requirements. The main policy areas are Veterans, Agriculture, Environment, and Finance.
Who Benefits and How
Veterans and VA beneficiaries affected by the bill could face lower compliance burdens, Financial services firms and customers affected by the bill could face lower compliance burdens, and Environmental and public health interests affected by the bill could face lower compliance burdens.
Who Bears the Burden and How
Federal, state, or local agencies responsible for implementing the clause would take on compliance duties.
Key Provisions
- Creates veteran small business start-up credit Subpart D of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by adding at the end the following new section: 45BB.Veteran small...
- Requires 45BB. Veteran small business start-up credit.
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
The bill creates veteran small business start-up credit Subpart D of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by adding at the end the following new section: 45BB.Veteran small and requires 45BB. Veteran small business start-up credit.
Key Policy Areas
Veterans, Agriculture, Environment, Finance
Primary Purpose
The bill creates veteran small business start-up credit Subpart D of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by adding at the end the following new section: 45BB.Veteran small and requires 45BB. Veteran small business start-up credit.
Policy Domains
Whole bill
Identified Gains
- Veterans and VA beneficiaries affected by the bill
- Financial services firms and customers affected by the bill
- Environmental and public health interests affected by the bill
- Agricultural producers and rural communities affected by the bill
Identified Costs
- Federal, state, or local agencies responsible for implementing the clause
Sponsors
Legislative Progress
IntroducedMr. Davis of North Carolina (for himself and Mr. Nunn …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
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