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Payroll Tax Credit for Restaurants: Relief for Businesses Affected by Pandemic.

This law establishes a temporary, partially refundable credit against payroll taxes for small restaurants and food service businesses that suffered significant financial losses due to the COVID-19 pandemic and did not receive prior federal grant funding. Effective for 2023, this credit aims to support these employers by offsetting wage costs, helping them maintain operations and employment levels. This provides direct financial relief to struggling restaurant owners.
Key points
Introduces a refundable payroll tax credit for eligible restaurants that applied for, but did not receive, funds from the Restaurant Revitalization Fund (RRF).
The credit covers 100% of wages, capped at $25,000 in wages per quarter, applicable to wages paid in 2023.
Eligibility requires demonstrating a substantial drop in gross receipts (below 50% or 70% of 2019 levels) during 2020 or 2021.
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Additional Information
Print number: 118_S_28
Sponsor: Sen. Cardin, Benjamin L. [D-MD]
Process start date: 2023-01-24
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Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
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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 118_S_28.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2023-01-24.

What are the main provisions?

Key points include:

  • Introduces a refundable payroll tax credit for eligible restaurants that applied for, but did not receive, funds from the Restaurant Revitalization Fund (RRF).
  • The credit covers 100% of wages, capped at $25,000 in wages per quarter, applicable to wages paid in 2023.
  • Eligibility requires demonstrating a substantial drop in gross receipts (below 50% or 70% of 2019 levels) during 2020 or 2021.
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 2025-12-26.

CATEGORIES

Taxes Economy