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Tax Credits for Hospitality, Travel, and Job Recovery Post-COVID-19

This act introduces new tax credits to help the tourism, hospitality, and event industries recover from the COVID-19 pandemic. Citizens can benefit from credits on domestic travel expenses, encouraging support for the local economy. Businesses receive support for reopening and adapting their operations to new conditions.
Key points
New refundable tax credit for domestic travel expenses (at least 50 miles from home, with an overnight stay), up to $1,500 per individual plus $500 per qualifying child, until the end of 2023.
Tax credits for convention and trade show industries (50% of participation costs, 100% of restart costs) and for restaurants (100% of restart costs) for expenses related to adapting to post-COVID-19 conditions.
Extension of the employee retention tax credit until January 1, 2022, supporting job preservation.
Suspension of certain limitations on entertainment and business meeting expense deductions for 2021-2022, making it easier for businesses to host events.
Tax credit for food and beverage manufacturers and retailers for unsellable inventory that spoiled or lost value due to the pandemic.
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Expired
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Additional Information
Print number: 117_S_477
Sponsor: Sen. Cortez Masto, Catherine [D-NV]
Process start date: 2021-02-25
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Hospitality and Commerce Job Recovery Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_477.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-02-25.

What are the main provisions?

Key points include:

  • New refundable tax credit for domestic travel expenses (at least 50 miles from home, with an overnight stay), up to $1,500 per individual plus $500 per qualifying child, until the end of 2023.
  • Tax credits for convention and trade show industries (50% of participation costs, 100% of restart costs) and for restaurants (100% of restart costs) for expenses related to adapting to post-COVID-19 conditions.
  • Extension of the employee retention tax credit until January 1, 2022, supporting job preservation.
  • Suspension of certain limitations on entertainment and business meeting expense deductions for 2021-2022, making it easier for businesses to host events.
  • Tax credit for food and beverage manufacturers and retailers for unsellable inventory that spoiled or lost value due to the pandemic.
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 Sen. Cortez Masto, Catherine [D-NV].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Taxes Economy