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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 employers, helping them cover employment costs.
Key points
Restaurants that applied for a grant under the American Rescue Plan Act but did not receive funds due to a lack of funding may apply for a partially refundable payroll tax credit.
The credit covers 100% of wages paid, up to a maximum of $25,000 per employer per calendar quarter, for wages paid between January 1, 2023, and December 31, 2023.
Eligible restaurants are those that experienced a significant decline in gross receipts in 2020 or 2021 compared to 2019.
The act seeks to support the restaurant sector by providing tax credits to eligible employers.
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Additional Information
Print number: 117_S_5219
Sponsor: Sen. Cardin, Benjamin L. [D-MD]
Process start date: 2022-12-08
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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_S_5219.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2022-12-08.

What are the main provisions?

Key points include:

  • Restaurants that applied for a grant under the American Rescue Plan Act but did not receive funds due to a lack of funding may apply for a partially refundable payroll tax credit.
  • The credit covers 100% of wages paid, up to a maximum of $25,000 per employer per calendar quarter, for wages paid between January 1, 2023, and December 31, 2023.
  • Eligible restaurants are those that experienced a significant decline in gross receipts in 2020 or 2021 compared to 2019.
  • The act seeks to support the restaurant sector by providing tax credits to eligible employers.
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. Cardin, Benjamin L. [D-MD].

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 2026-01-02.

CATEGORIES

Taxes Economy