To amend the Internal Revenue Code of 1986 to provide a partially refundable credit against payroll taxes for certain restaurants affected by the COVID–19 pandemic.
Summary
What This Bill Does
The bill creates short title This Act may be cited as the Restaurant Revitalization Tax Credit Act, creates restaurant revitalization credit Subchapter D of chapter 21 of subtitle C of the Internal Revenue Code of 1986 is amended by adding at the end the following new section: 3135.Restaurant revitalization, and creates restaurant revitalization credit In the case of an eligible employer, there shall be allowed as a credit against applicable employment taxes for each calendar quarter an amount equal to 100 percent of the wages. It relies on tax credits, definition changes, grants, and reporting requirements. The main policy areas are Regulated Industries and Finance.
Who Benefits and How
Businesses and employers affected by the bill could face lower compliance burdens, Regulated entities and members of the public affected by the bill could gain revenue opportunities, and Lobbyists, political organizations, and disclosure users affected by the bill could face lower compliance burdens.
Who Bears the Burden and How
Federal, state, or local agencies responsible for implementing the clause would take on compliance duties and Public beneficiaries or protected communities affected by the clause could face increased risk.
Key Provisions
- Creates short title This Act may be cited as the Restaurant Revitalization Tax Credit Act.
- Creates restaurant revitalization credit Subchapter D of chapter 21 of subtitle C of the Internal Revenue Code of 1986 is amended by adding at the end the following new section: 3135.Restaurant revitalization...
- Creates restaurant revitalization credit In the case of an eligible employer, there shall be allowed as a credit against applicable employment taxes for each calendar quarter an amount equal to 100 percent of the wages...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
The bill creates short title This Act may be cited as the Restaurant Revitalization Tax Credit Act, creates restaurant revitalization credit Subchapter D of chapter 21 of subtitle C of the Internal Revenue Code of 1986 is amended by adding at the end the following new section: 3135.Restaurant revitalization, and creates restaurant revitalization credit In the case of an eligible employer, there shall be allowed as a credit against applicable employment taxes for each calendar quarter an amount equal to 100 percent of the wages.
Key Policy Areas
Regulated Industries, Finance
Primary Purpose
The bill creates short title This Act may be cited as the Restaurant Revitalization Tax Credit Act, creates restaurant revitalization credit Subchapter D of chapter 21 of subtitle C of the Internal Revenue Code of 1986 is amended by adding at the end the following new section: 3135.Restaurant revitalization, and creates restaurant revitalization credit In the case of an eligible employer, there shall be allowed as a credit against applicable employment taxes for each calendar quarter an amount equal to 100 percent of the wages.
Policy Domains
Whole bill
Identified Gains
- Businesses and employers affected by the bill
- Regulated entities and members of the public affected by the bill
- Lobbyists, political organizations, and disclosure users affected by the bill
Identified Costs
- Federal, state, or local agencies responsible for implementing the clause
- Public beneficiaries or protected communities affected by the clause
Sponsors
Legislative Progress
IntroducedMr. Blumenauer (for himself and Mr. Phillips) introduced the following …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
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