US Congress Senate Bill 4807 (Prior Session Legislation)

---

Spectrum: Bipartisan Bill
Status: Introduced on October 19 2020 - 25% progression, died in committee
Action: 2020-10-19 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

Establishes new tax credits and revises existing credits and deductions to protect the hospitality and restaurant industries. Specifically, the bill allows a convention and trade show restart tax credit for (1) the costs of participation in a convention, seminar, or similar meeting, a business meeting, or a trade show that takes place after 2020; and (2) the costs of reopening an entertainment facility closed due to the COVID-19 (i.e., coronavirus disease 2019) pandemic. It also allows a business-related tax credit for the costs of reopening restaurants or food service businesses forced to close down or reduce operations due to COVID-19. The bill modifies, and increases the rate of, the tax credit for the retention of employees for an employer whose business has been affected by a disaster or public health emergency. It also repeals the increased limitations on the tax deduction for meals and entertainment expenses enacted in 2017. Finally, the bill allows individual taxpayers a new tax credit for travel expenses relating to entertainment activities occurring in the United States between January 1, 2021, and December 31, 2023.

Hospitality and Commerce Job Recovery Act of 2020

Sen. Catherine Cortez Masto [D-NV]

Sen. Kevin Cramer [R-ND]

Date	Chamber	Action
2020-10-19	Senate	Read twice and referred to the Committee on Finance.

HB8802 (Related) 2020-11-20 - Referred to the House Committee on Ways and Means.

Type	Source
Summary	https://www.congress.gov/bill/116th-congress/senate-bill/4807/all-info
Text	https://www.congress.gov/116/bills/s4807/BILLS-116s4807is.pdf