WASHINGTON DC – Today, U.S. Senators Jacky Rosen (D-NV) and Jerry Moran (R-KS) introduced a bipartisan bill to cut taxes for veterans who start a small business in underserved communities. The bipartisan Veterans Jobs Opportunity Act would create new tax credits to provide veterans who are starting a small business with a 15 percent tax credit on the first $50,000 of the startup costs.
“Our veterans deserve to have every resource available as they transition into civilian life,” dijo el Senador Rosen. “I’m proud to work across the aisle to cut taxes for Nevada veterans who start small businesses in our state and create jobs. As long as I’m in the Senate, I’ll continue working to ensure our veterans have all of the resources they need.”
“By offering support to veteran entrepreneurs, we can help bolster local economies and channel the military work ethic into local communities,” said Senator Moran. “Veteran-owned small businesses play an important role in rural communities and underserved areas, and this legislation will empower veterans to start their own businesses while benefiting the communities they invest in.”
Senator Rosen has been leading bipartisan efforts to ensure that Nevada veterans have federal support. Last year, she secured funding to increase access to affordable housing for veterans, continue building Nevada’s first national veterans cemetery in Elko, and increase funding for veterans’ access to telehealth. She also helped pass bipartisan legislation to increase veterans’ awareness of the VA home loan program. Additionally, Senator Rosen pushed to build a new veterans hospital in Reno, which she successfully convinced the white house to include in the 2024 budget.
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