S. 477 · 117th Congress
Hospitality and Commerce Job Recovery Act of 2021
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Never voted on. It didn't reach a floor vote before the 117th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
Cortez MastoSponsor8 cosponsors · 4 D, 4 R
1 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
This bill extends existing and establishes new tax credits that assist the hospitality and restaurant industry. Specifically, it
What it does: CRS summary · Introduced in Senate · Feb 25, 2021
Hospitality and Commerce Job Recovery Act of 2021
This bill extends existing and establishes new tax credits that assist the hospitality and restaurant industry. Specifically, it
- allows a conventionand trade show restart tax credit;
- extends the employee retention tax credit through 2021;
- suspends for taxable years 2021 through 2022, the limitation on entertainment expenses related to a trade or business,
- allows a restaurant and dining restart credit for businesses closed or forced to reduce services due to COVID-19 (i.e., coronavirus disease 2019);
- allows a 50% tax credit for travel expenditures; and
- allows a tax credit for unmerchantable inventory for the period between December 31, 2019, and before April 1, 2021.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Hospitality and Commerce Job Recovery Act of 2021
Latest action (Feb 25, 2021): Read twice and referred to the Committee on Finance.
Policy area: Taxation · Origin: Senate · Introduced: Feb 25, 2021
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.