S. 477
117th Congress
Senate
Hospitality and Commerce Job Recovery Act of 2021
Official title: A bill to amend the Internal Revenue Code of 1986 to create a refundable tax credit for travel expenditures, and for other purposes.
Taxation
Business expensesCardiovascular and respiratory healthEmergency medical services and trauma careEmployment taxes
More subjectsShow fewer subjects
Food industry and servicesFood supply, safety, and labelingIncome tax creditsIncome tax deductionsInfectious and parasitic diseasesManufacturingMarketing and advertisingMuseums, exhibitions, cultural centersTax-exempt organizationsTransportation costsTravel and tourismWages and earningsWorker safety and health
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 25, 2021
Read twice and referred to the Committee on Finance.
Feb 25, 2021
Introduced in Senate
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Latest action
Read twice and referred to the Committee on Finance.
Plain-English summary
Hospitality and Commerce Job Recovery Act of 2021
This bill extends existing and establishes new tax credits that assist the hospitality and restaurant industry. Specifically, it
- allows a convention and trade show restart tax credit;
- extends the employee retention tax credit through 2021;
- suspends for taxable years 2021 through 2022, the limitation on entertainment expenses related to a trade or business,
- allows a restaurant and dining restart credit for businesses closed or forced to reduce services due to COVID-19 (i.e., coronavirus disease 2019);
- allows a 50% tax credit for travel expenditures; and
- allows a tax credit for unmerchantable inventory for the period between December 31, 2019, and before April 1, 2021.
Related & companion bills
2
Bill text
1 version
- Introduced in Senate Formatted Text PDF Formatted XML
Committees of jurisdiction
1
Cite this page
U.S. Congress. (2026). S. 477: Hospitality and Commerce Job Recovery Act of 2021. 117th Congress. Open America. https://openamerica.io/bill/117-S-477/
"S. 477: Hospitality and Commerce Job Recovery Act of 2021." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-S-477/.
S. 477, 117th Cong. (2026), https://openamerica.io/bill/117-S-477/.
[S. 477: Hospitality and Commerce Job Recovery Act of 2021](https://openamerica.io/bill/117-S-477/)