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Tax Credit for Restaurants Affected by COVID-19 Pandemic

This act introduces a new payroll tax credit for restaurants severely impacted by the COVID-19 pandemic. It aims to provide financial relief to eligible restaurant owners, helping them cover employee wage costs. This support can help restaurants retain jobs and stabilize their operations.
Key points
Restaurants that applied for American Rescue Plan Act grants but did not receive them due to a lack of funding may be eligible for a partially refundable payroll tax credit.
The credit covers 100% of employee wages, up to a maximum of $25,000 per employer per calendar quarter.
Eligibility requires a significant decline in gross receipts in 2020 or 2021 compared to 2019.
The credit applies to wages paid between January 1, 2023, and December 31, 2023.
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Additional Information
Print number: 117_HR_9574
Sponsor: Rep. Blumenauer, Earl [D-OR-3]
Process start date: 2022-12-15
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OFFICIAL LEGAL TITLE

Restaurant Revitalization Tax Credit Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_9574.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2022-12-15.

What are the main provisions?

Key points include:

  • Restaurants that applied for American Rescue Plan Act grants but did not receive them due to a lack of funding may be eligible for a partially refundable payroll tax credit.
  • The credit covers 100% of employee wages, up to a maximum of $25,000 per employer per calendar quarter.
  • Eligibility requires a significant decline in gross receipts in 2020 or 2021 compared to 2019.
  • The credit applies to wages paid between January 1, 2023, and December 31, 2023.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Blumenauer, Earl [D-OR-3].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2026-01-02.

CATEGORIES

Taxes Economy