S 4344 116th Congress Senate Taxation Business expenses Cardiovascular and respiratory health Emergency medical services and trauma care Income tax credits Infectious and parasitic diseases Music Performing arts Professional sports Tax-exempt organizations

ENCORES Act

Introduced: July 28, 2020 See on congress.gov

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Jul 28, 2020

Read twice and referred to the Committee on Finance.

Jul 28, 2020

Introduced in Senate

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Plain-English summary Congressional Research Service

Entertainments New Credit Opportunity for Relief & Economic Sustainability Act or the ENCORES Act

This bill allows certain businesses and tax-exempt entities that conduct live events for which tickets are sold to the general public a tax credit for 50% of any refund made during the period beginning on January 31, 2020, and ending on the enactment date of this bill. The bill defines live event as any live concert, comedy show, sporting event, or theatrical production for which tickets were made available to the general public not less than six weeks prior to the event. The credit does not apply to an entity engaged in professional football, basketball, baseball, or other professional sport.

The ticket refund paid by the entity to a ticket purchaser for a live event includes events cancelled or postponed due to the COVID-19 (i.e., the coronavirus disease 2019) pandemic

What's happening now July 28, 2020

Read twice and referred to the Committee on Finance.

Bill text 1 version