This bill introduces a new tax credit within the Internal Revenue Code to support veteran entrepreneurship. It establishes a "Veteran Small Business Start-Up Credit" for businesses owned and controlled by veterans or their spouses. The primary goal is to stimulate economic activity and job creation in specific geographic areas by encouraging veterans to establish businesses there. The credit amounts to 15 percent of qualified start-up expenditures , capped at $50,000 per taxable year. To qualify, a business must be an "applicable veteran-owned small business" with its principal operations located in an "underserved community." These communities include areas designated as HUBZones, empowerment zones, low or moderate-income areas, or counties with persistent poverty. "Qualified start-up expenditures" encompass both general start-up costs and amounts spent on purchasing or leasing real property or buying personal property for active business use. A "small business" is defined as one with gross receipts not exceeding $5 million or employing no more than 50 full-time employees in the preceding year. Taxpayers must elect to take the credit, which is available only for the first two taxable years where business expenses are deductible. The bill integrates this new credit into the existing general business credit framework. It also mandates that the Treasury Inspector General for Tax Administration conduct an evaluation of the credit's success and accountability every four years. This oversight ensures the program's effectiveness in achieving its intended objectives.