# 119-hr-1298: Veterans Jobs Opportunity Act

119-hr-1298, Veterans Jobs Opportunity Act, is a 119th Congress bill sponsored by Rep. Davis, Donald G. [D-NC-1] (D-NC); status introduced; PRIA reads it as touching household money (as of 2026-04-21).

- Canonical: https://policyrisk.com/legislation/119-hr-1298
- As of: 2026-04-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-1298
- Congress: 119
- Title: Veterans Jobs Opportunity Act
- Status: introduced
- Introduced: 2025-02-13
- Sponsor: Rep. Davis, Donald G. [D-NC-1] (D-NC)
- Cosponsors: 1
- Policy area: Taxation
- Touches household money: yes
- Last recorded action: 2026-04-21

## Summary

**This bill would create a new tax credit for veteran-owned small business start-up expenses.** It would let eligible veteran-owned small businesses in underserved communities claim 15 percent of qualifying start-up costs, capped at $50,000 of expenses in a taxable year. - Veterans and spouses: Eligible businesses owned and controlled by one or more veterans or their spouses could use the credit for qualified start-up expenditures, including certain startup costs and purchases or leases of property used in the business. The credit equals 15 percent of those expenditures up to $50,000. - Small businesses and location rules: A firm qualifies as a small business if it had no more than $5 million in prior-year gross receipts or no more than 50 full-time employees. The business must have its principal place of business in an underserved community such as HUBZones, empowerment or enterprise communities, FFIEC low or moderate income areas, or counties with persistent poverty. - Claiming rules and oversight: Taxpayers must elect to take the credit and may do so only in the first two taxable years when ordinary deductible business expenses are allowed. The provision would be added to the general business credit rules and requires the Treasury Inspector General for Tax Administration to report every four years on the credit’s effectiveness and accountability.

## Cosponsors (1)

- Rep. Nunn, Zachary [R-IA-3] (R-IA), 2025-02-13T00:00:00.000Z

## Provisions PRIA read

- New tax credit for veteran startups: benefit, high. This bill would create a start-up tax credit for veteran-owned small businesses in underserved areas. The credit would be 15% of qualifying start-up costs, up to $50,000 each year (max $7,500). The business must be owned and controlled by veterans or their spouses and meet size tests: $5,000,000 or…

## Related bills

- 119-hr-3151: SHIPS for America Act of 2025
- 119-hr-4669: FEMA Act of 2025
- 119-hr-6644: 21st Century ROAD to Housing Act
- 119-hr-3633: Digital Asset Market Clarity Act
- 119-hr-2725: Affordable Housing Credit Improvement Act of 2025
- 119-hr-1229: United States-Israel Defense Partnership Act of 2025

## Sources
- [119-hr-1298 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/1298)

## Related
- [119-hr-3151: SHIPS for America Act of 2025](https://policyrisk.com/legislation/119-hr-3151)
- [119-hr-4669: FEMA Act of 2025](https://policyrisk.com/legislation/119-hr-4669)
- [119-hr-6644: 21st Century ROAD to Housing Act](https://policyrisk.com/legislation/119-hr-6644)
- [119-hr-3633: Digital Asset Market Clarity Act](https://policyrisk.com/legislation/119-hr-3633)
- [119-hr-2725: Affordable Housing Credit Improvement Act of 2025](https://policyrisk.com/legislation/119-hr-2725)
- [119-hr-1229: United States-Israel Defense Partnership Act of 2025](https://policyrisk.com/legislation/119-hr-1229)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-1298 (as of 2026-04-21).