,,ii  #aaf? ,,congress  #b;d ,session   
,s4 #dhjg  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,octob] #ai1 #bjbj ,ms4
 ,cortez ,ma/o 7= h]self & ,mr4 ,cram]7 
introduc$ ! foll[+ bill2 :i* 0 read     
twice & ref]r$ to ! ,committee on       
,f9ance  ,a ,,bill  ,to am5d ! ,int]nal 
,rev5ue ,code ( #aihf to create a       
refundable tax cr$it = travel           
exp5ditures1 & = o!r purposes4  #a4     
,%ort title ,?is ,act may be cit$ z !   
,hospitality & ,comm]ce ,job ,recov]y   
,act ( #bjbj4  #b4 ,e/abli%m5t ( tax    
cr$it to support ! conv5tion & trade %[ 
indu/ry  7a7 ,9 g5]al ,= purposes (     
section #ch ( ! ,int]nal ,rev5ue ,code (
 #aihf1 ! conv5tion & trade %[ re/>t    
cr$it %all be treat$ z a cr$it li/$ at !
 end ( subsection 7b7 ( su* section4 ,= 
purposes ( ?is section1 ! conv5tion &   
trade %[ re/>t cr$it = any taxable ye>  
is an am\nt equal to ! sum (--  7#a7 #ej
 p]c5t ( ! qualifi$ p>ticipation co/s   
paid or incurr$ by a taxpay] dur+ su*   
taxable ye>1 &  7#b7 9 ! case ( an      

eligible provid]1 #ajj p]c5t ( !        
qualifi$ re/>t co/s paid or incurr$ by  
su* provid] dur+ su* taxable ye>4  7b7  
,qualifi$ p>ticipation co/s ,= purposes 
( ?is section1 ! t]m qualifi$           
p>ticipation co/s means any co/s or     
exp5ses paid or incurr$ by ! taxpay]    
aft] ,decemb] #ca1 #bjbj1 = any employee
 or (fic] ( ! taxpay] to att5d a        
qualifi$ ev5t1 includ+ regi/ration fees1
 lodg+1 & co/s ) respect to c>ry+ out an
 exhibition relat+ to ! taxpay]4 ,su*   
t]m %all n include any co/s :i* are n   
necess>y = ! att5dance ( su* employee or
 (fic] at su* ev5t4  7c7 ,eligible      
provid]2 qualifi$ re/>t co/s ,9 ?is     
section--  7#a7 ,eligible provid] ,! t]m
 eligible provid] means any p]son :i*-- 
7,a7 provides facilities at :i* a       
qualifi$ ev5t may be held1 or  7,b7     
sponsors or is o!rwise responsible = !  
adm9i/ration ( a qualifi$ ev5t4  7#b7   
,qualifi$ re/>t co/s ,! t]m qualifi$    
re/>t co/s means any co/s paid or       
incurr$ by an eligible provid] aft]     

,decemb] #ca1 #bjbj1 9 reop5+ aft] su*  
date a facility describ$ 9 p>agraph     
7#a77;,a7 :i* 0 clos$ or =c$ to r$uce   
s]vices due to ! virus ,,s>s-,co,v-#b or
 coronavirus disease #bjai 7ref]r$ to 9 
?is section z ,,covid-#ai71 includ+--   
7,a7 any r5ovation1 rem$iation1 or      
additional labor & r5tal co/s relat$ to 
prev5t+ individuals pres5t 9 su*        
facility f contract+ ,,covid-#ai1 &     
7,b7 any te/+ ( employees ( ! taxpay] or
 gue/s ( su* facility = symptoms (      
,,covid-#ai4  7d7 ,qualifi$ ev5t  7#a7  
,9 g5]al ,9 ?is section1 ! t]m qualifi$ 
ev5t means-- 7,a7 a conv5tion1 sem9>1 or
 simil> meet+ 7z su* t]ms are us$ 9     
section #bgd ( ! ,int]nal ,rev5ue ,code 
( #aihf71  7,b7 a bus9ess meet+ 7z su*  
t]m is us$ 9 su* section71 or  7,c7 a   
trade %[1  :i* takes place aft] ,decemb]
 #ca1 #bjbj4  7#b7 ,trade %[ ,= purposes
 ( ?is subsection1 ! t]m trade %[ means 
any exhibition at :i* diff]5t bus9esses 
)9 a p>ticul> indu/ry promote _!        
products & s]vices4  7e7 ,d5ial ( d\ble 

b5efit ,no d$uction %all be all[$ "u any
 provision ( *apt] #a ( ! ,int]nal      
,rev5ue ,code ( #aihf ) respect to any  
am\nt tak5 9 acc\nt 9 det]m9+ ! cr$it   
all[$ to a taxpay] "u ?is section4  7f7 
,location requirem5t ,no cr$it %all be  
all[$ "u ?is section ) respect to any   
qualifi$ ev5t unless su* ev5t is held )9
 ! ,unit$ ,/ates 7includ+ any t]ritory  
or possession ( ! ,unit$ ,/ates74  7g7  
,payroll cr$it = nonpr(it employ]s  7#a7
 ,9 g5]al ,9 ! case ( an organization   
:i* is describ$ 9 section #eja7;c7 ( !  
,int]nal ,rev5ue ,code ( #aihf & exempt 
f tax "u section #eja7;a7 ( su* ,code1 !
 cr$it det]m9$ "u ?is section %all be   
all[$ z a cr$it aga9/ applicable        
employm5t taxes paid by su* organization
 = cal5d> qu>t]s 9 ! taxable ye>1 & n   
treat$ z a cr$it li/$ at ! end ( section
 #ch7;b7 ( su* ,code4  7#b7 ,limitations
 & refundability  7,a7 ,cr$it limit$ to 
employm5t taxes ,! cr$it all[$ by       
p>agraph 7#a7 ) respect to cal5d> qu>t]s
 9 any taxable ye> %all n exce$ !       

applicable employm5t taxes 7r$uc$ by any
 cr$its all[$ "u subsections 7e7 & 7f7 (
 section #caaa ( ! ,int]nal ,rev5ue     
,code ( #aihf & sections #gjja & #gjjc (
 ! ,families ,fir/ ,coronavirus         
,response ,act7 on ! wages paid )       
respect to ! employm5t ( all ! employees
 ( ! organization = su* taxable ye>4    
7,b7 ,refundability ( excess cr$it  7i7 
,9 g5]al ,if ! am\nt ( ! cr$it "u       
p>agraph 7#a7 exce$s ! limitation (     
subp>agraph 7,a7 = any cal5d> qu>t]1 su*
 excess %all be treat$ z an ov]paym5t t 
%all be refund$ "u sections #fdjb7;a7 & 
#fdac7;b7 ( ! ,int]nal ,rev5ue ,code (  
#aihf4  7ii7 ,treatm5t ( paym5ts ,=     
purposes ( section #acbd ( title #ca1   
,unit$ ,/ates ,code1 any am\nts due to !
 employ] "u ?is p>agraph %all be treat$ 
9 ! same mann] z a refund due f a cr$it 
provision ref]r$ to 9 subsection 7b77#b7
 ( su* section4  7#c7 ,applicable       
employm5t taxes ,= purposes ( ?is       
subsection1 ! t]m applicable employm5t  
taxes means ! foll[+3  7,a7 ,! taxes    

impos$ "u section #caaa7;a7 ( ! ,int]nal
 ,rev5ue ,code ( #aihf4  7,b7 ,s mu* ( !
 taxes impos$ "u section #cbba7;a7 ( su*
 ,code z are attributable to ! rate 9   
effect "u section #caaa7;a7 ( su* ,code4
  7h7 ,regulations & guidance ,!        
,secret>y ( ! ,treasury 7or !           
,secret>y's delegate7 may prescribe su* 
regulations & o!r guidance z may be     
appropriate or necess>y to c>ry out !   
purposes ( ?is section4  7i7 ,t]m9ation 
,?is section %all n apply to any co/s   
paid or incurr$ 9 taxable ye>s beg9n+   
aft] ,decemb] #ca1 #bjbc4  #c4          
,improvem5ts to employee ret5tion tax   
cr$it  7a7 ,increase 9 cr$it p]c5tage   
,section #bcja7;a7 ( ! ,,c>es ,act      
7,public ,law #aaf-acf7 is am5d$ by     
/rik+ #ej p]c5t & ins]t+ #hj p]c5t4  7b7
 ,increase 9 p] employee limitation     
,section #bcja7;b77#a7 ( ! ,,c>es ,act  
is am5d$ by /rik+ = all cal5d> qu>t]s   
%all n exce$ #aj1jjj4 & ins]t+  %all n  
exce$-- 7,a7 #ae1jjj 9 any cal5d> qu>t]1
 &  7,b7 #de1jjj 9 ! aggregate = all    

cal5d> qu>t]s4  4  7c7 ,modification (  
?re%old = treatm5t z a l>ge employ]     
7#a7 ,9 g5]al ,section                  
#bcja7;c77#c77;,a7 ( ! ,,c>es ,act is   
am5d$--  7,a7 by /rik+ = :i* ! av]age   
numb] ( full-"t employees 7)9 ! mean+ ( 
section #dihj;,h ( ! ,int]nal ,rev5ue   
,code ( #aihf7 employ$ by su* eligible  
employ] dur+ #bjai 0 great] ?an #ajj 9  
clause 7i7 & ins]t+ :i* is a l>ge       
employ]1 &  7,b7 by /rik+ = :i* ! av]age
 numb] ( full-"t employees 7)9 ! mean+ (
 section #dihj;,h ( ! ,int]nal ,rev5ue  
,code ( #aihf7 employ$ by su* eligible  
employ] dur+ #bjai 0 n great] ?an #ajj 9
 clause 7ii7 & ins]t+ :i* is n a l>ge   
employ]4  7#b7 ,l>ge employ] def9$      
,section #bcja7;c7 ( ! ,,c>es ,act is   
am5d$ by r$esignat+ p>agraph 7#f7 z     
p>agraph 7#g7 & by ins]t+ aft] p>agraph 
7#e7 ! foll[+ new p>agraph3  7#f7 ,l>ge 
employ] ,! t]m l>ge employ] means any   
eligible employ] if--  7,a7 ! av]age    
numb] ( full-"t employees 7z det]m9$ =  
purposes ( section #dihj;,h7c77#b7 ( !  

,int]nal ,rev5ue ,code ( #aihf7 employ$ 
by su* eligible employ] dur+ cal5d> ye> 
#bjai 0 great] ?an #a1ejj1 &  7,b7 !    
gross receipts 7)9 ! mean+ ( section    
#ddh7;c7 ( ! ,int]nal ,rev5ue ,code (   
#aihf7 ( su* eligible employ] dur+      
cal5d> ye> #bjai 0 great] ?an           
#da1ejj1jjj4  4  7d7 ,phase-,9 (        
eligibility bas$ on r$uction 9 gross    
receipts  7#a7 ,r$uction ( decl9e 9     
gross receipts necess>y to qualify =    
cr$it ,section #bcja7;c77#b77;,b7 ( !   
,,c>es ,act is am5d$-- 7,a7 by /rik+ #ej
 p]c5t 9 clause 7i7 & ins]t+ #ij p]c5t1 
&  7,b7 by /rik+ #hj p]c5t 9 clause 7ii7
 & ins]t+ #ij p]c5t4  7#b7 ,phase-9 (   
cr$it if r$uction 9 gross receipts is   
less ?an #ej p]c5t ,section             
#bcja7;c77#b7 ( ! ,,c>es ,act is am5d$  
by add+ at ! end ! foll[+ new           
subp>agraph3  7,d7 ,phase-9 ( cr$it :]e 
bus9ess n susp5d$ & r$uction 9 gross    
receipts less ?an #ej p]c5t  7i7 ,9     
g5]al ,9 ! case ( any cal5d> qu>t] )    
respect to :i* an eligible employ] w\ld 

n be an eligible employ] if subp>agraph 
7,b77i7 7 appli$ by sub/itut+ #ej p]c5t 
= #ij p]c5t1 ! am\nt ( ! cr$it all[$ "u 
subsection 7a7 %all be r$uc$ by ! am\nt 
:i* be>s ! same ratio to ! am\nt ( su*  
cr$it 7det]m9$ )\t reg>d to ?is         
subp>agraph7 z-- 7,i7 ! excess gross    
receipts p]c5tage po9t am\nt1 be>s to   
7,,ii7 #dj p]c5tage po9ts4  7ii7 ,excess
 gross receipts p]c5tage po9t am\nt ,=  
purposes ( ?is subp>agraph1 ! t]m excess
 gross receipts p]c5tage po9t am\nt     
means1 ) respect to any cal5d> qu>t]1 ! 
excess (--  7,i7 ! l[e/ ( ! gross       
receipts p]c5tage po9t am\nts ) respect 
to any cal5d> qu>t] occurr+ dur+ ! p]iod
 describ$ 9 clause 7iii71 ov]  7,,ii7   
#ej p]c5tage po9ts4  7iii7 ,p]iod       
describ$ ,= purposes ( apply+ clause    
7ii7 to any cal5d> qu>t]1 ! p]iod       
describ$ 9 ?is clause is ! p]iod end+ ) 
su* cal5d> qu>t] & beg9n+ ) ! fir/      
cal5d> qu>t] dur+ ! p]iod describ$ 9    
subp>agraph 7,b74  7iv7 ,gross receipts 
p]c5tage po9t am\nts ,= purposes ( ?is  

subp>agraph1 ! t]m gross receipts       
p]c5tage po9t am\nt means1 ) respect to 
any cal5d> qu>t]1 ! p]c5tage 7express$ z
 a numb] ( p]c5tage po9ts7 obta9$ by    
divid+--  7,i7 ! gross receipts 7)9 !   
mean+ ( subp>agraph 7,b77 = su* cal5d>  
qu>t]1 by  7,,ii7 ! gross receipts = !  
same cal5d> qu>t] 9 cal5d> ye> #bjai4  4
  7#c7 ,gross receipts ( tax-exempt     
organizations ,section                  
#bcja7;c77#b77;,c7 ( ! ,,c>es ,act is   
am5d$-- 7,a7 by /rik+ ( su* ,code1      
clauses 7i7 & 7ii77,i7 & ins]t+ ( su*   
,code--  7i7 clauses 7i7 & 7ii77,i7  1  
7,b7 by /rik+ ! p]iod at ! end & ins]t+ 
1 &1 &  7,c7 by add+ at ! end ! foll[+  
new clause3  7ii7 any ref]5ce 9 ?is     
section to gross receipts %all be treat$
 z a ref]5ce to gross receipts )9 !     
mean+ ( section #fjcc ( su* ,code4  4   
7e7 ,modification ( treatm5t ( heal?    
plan exp5ses  7#a7 ,9 g5]al ,section    
#bcja7;c77#e7 ( ! ,,c>es ,act is am5d$  
to read z foll[s3  7#e7 ,wages  7,a7 ,9 
g5]al ,! t]m wages means wages 7z def9$ 

9 section #caba7;a7 ( ! ,int]nal ,rev5ue
 ,code ( #aihf7 & comp5sation 7z def9$ 9
 section #cbca7;e7 ( su* ,code74  7,b7  
,all[ance = c]ta9 heal? plan exp5ses    
7i7 ,9 g5]al ,su* t]m %all include      
am\nts paid or incurr$ by ! eligible    
employ] to provide & ma9ta9 a gr\p heal?
 plan 7z def9$ 9 section #ejjj7;b77#a7 (
 ! ,int]nal ,rev5ue ,code ( #aihf71 b   
only to ! ext5t t su* am\nts are exclud$
 f ! gross income ( employees by reason 
( section #ajf7;a7 ( su* ,code4  7ii7   
,allocation rules ,= purposes ( ?is     
section1 am\nts treat$ z wages "u clause
 7i7 %all be treat$ z paid ) respect to 
any employee 7& ) respect to any p]iod7 
to ! ext5t t su* am\nts are prop]ly     
allocable to su* employee 7& to su*     
p]iod7 9 su* mann] z ! ,secret>y may    
prescribe4 ,except z o!rwise provid$ by 
! ,secret>y1 su* allocation %all be     
treat$ z prop]ly made if made on ! basis
 ( be+ pro rata among p]iods ( cov]age4 
4  7#b7 ,con=m+ am5dm5t ,section        
#bcja7;c77#c7 ( ! ,,c>es ,act is am5d$  

by /rik+ subp>agraph 7,c74  7f7         
,qualifi$ wages p]mitt$ ,to include     
am\nts = tip replacem5t  7#a7 ,9 g5]al  
,section #bcja7;c77#c77;,b7 ( ! ,,c>es  
,act is am5d$ by ins]t+ 7includ+ tips   
:i* w\ld h be5 deem$ to be paid by !    
employ] "u section #caba7q77 aft] w\ld h
 be5 paid4  7#b7 ,con=m+ am5dm5t        
,section #bcja7;h77#b7 ( ! ,,c>es ,act  
is am5d$ by ins]t+ #de;,b or be=e #de,s4
  7g7 ,c]ta9 gov]nm5tal employ]s        
eligible = cr$it  7#a7 ,9 g5]al ,section
 #bcja7;f7 ( ! ,,c>es ,act is am5d$ to  
read z foll[s3  7f7 ,c]ta9 gov]nm5tal   
employ]s  7#a7 ,9 g5]al ,! cr$it "u ?is 
section %all n be all[$ to ! ,f$]al     
,gov]nm5t or any ag5cy or in/rum5tality 
!re(4  7#b7 ,exception ,p>agraph 7#a7   
%all n apply to any organization :i* is 
describ$ 9 section #eja7;c77#a7 ( !     
,int]nal ,rev5ue ,code ( #aihf & exempt 
f tax "u section #eja7;a7 ( su* ,code4  
7#c7 ,special rules ,9 ! case ( any     
,/ate gov]nm5t1 ,indian tribal gov]nm5t1
 or any ag5cy1 in/rum5tality1 or        

political subdivision ( ! =ego+-- 7,a7  
clauses 7i7 & 7ii77,i7 ( subsection     
7c77#b77;,a7 %all apply to all op]ations
 ( su* entity1 &  7,b7 subclause 7,,ii7 
( subsection 7c77#b77;,a77ii7 %all n    
apply4  4  7#b7 ,coord9ation )          
application ( c]ta9 def9itions  7,a7 ,9 
g5]al ,section #bcja7;c77#e77;,a7 ( !   
,,c>es ,act1 z am5d$ by ! prec$+        
provisions ( ?is ,act1 is am5d$ by add+ 
at ! end ! foll[+3 ,= purposes ( !      
prec$+ s5t5ce 7o!r ?an = purposes (     
subsection 7b77#b771 wages z def9$ 9    
section #caba7;a7 ( ! ,int]nal ,rev5ue  
,code ( #aihf %all be det]m9$ )\t reg>d 
to p>agraphs 7#a71 7#e71 7#f71 7#g71    
7#h71 7#aj71 7#ac71 7#ah71 7#ai71 &     
7#bb7 ( section #cbab7;b7 ( su* ,code   
7except ) respect to s]vices p]=m$ 9 a  
p5al in/itution by an inmate !re(744    
7,b7 ,con=m+ am5dm5ts ,sections         
#bcja7;c77#f7 ( ! ,,c>es ,act is am5d$  
by /rik+ ,any t]m & ins]t+ ,except z    
o!rwise provid$ 9 ?is section1 any t]m4 
7h7 ,application ( cr$it to employ]s (  

dome/ic work]s  7#a7 ,9 g5]al ,section  
#bcja7;c77#b7 ( ! ,,c>es ,act1 z am5d$  
by ! prec$+ provisions ( ?is ,act1 is   
am5d$ by add+ at ! end ! foll[+ new     
subp>agraph3  7,e7 ,employ]s ( dome/ic  
work]s ,9 ! case ( an employ] ) "o or m 
employees :o p]=m dome/ic s]vice 7)9 !  
mean+ ( section #caba7;a77#g7 ( su*     
,code7 9 ! private home ( su* employ]1 )
 respect to su* employees-- 7i7         
subp>agraph 7,a7 %all be appli$--  7,i7 
by sub/itut+ employ+ an employee :o     
p]=ms dome/ic s]vice 9 ! private home ( 
su* employ] = c>ry+ on a trade or       
bus9ess 9 clause 7i7 !re(1 &  7,,ii7 by 
sub/itut+ su* employm5t = ! op]ation ( !
 trade or bus9ess describ$ 9 clause 7i7 
9 clause 7ii77,i7 !re(1  7,,iii7 )\t    
reg>d to clause 7ii77,,ii71 &  7ii7 su* 
employ] %all be treat$ z a l>ge employ]4
  4  7#b7 ,d5ial ( d\ble b5efit ,section
 #bcja7;h77#b7 ( ! ,,c>es ,act1 z am5d$ 
by prec$+ provisions ( ?is ,act1 is     
am5d$-- 7,a7 by /rik+ %all n be tak5    
into acc\nt = purposes ( & ins]t+ %all n

 be tak5 into acc\nt--  7,a7 = purposes 
(  1  7,b7 by /rik+ ! p]iod at ! end &  
ins]t+ 1 &1 &  7,c7 by add+ at ! end !  
foll[+3  7,b7 if su* wages are paid =   
dome/ic s]vice describ$ 9 subsection    
7c77#b77;,e71 z employm5t-relat$ exp5ses
 = purposes ( section #ba ( su* ,code4  
,9 ! case ( any individual :o pays wages
 = dome/ic s]vice describ$ 9 subsection 
7c77#b77;,e7 & receives a reimbursem5t =
 su* wages :i* is excludible f gross    
income "u section #abi ( su* ,code1 su* 
wages %all n be treat$ z qualifi$ wages 
= purposes ( ?is section4 4  7i7        
,effective date ,! am5dm5ts made by ?is 
section %all take effect z if includ$ 9 
section #bcja ( ! ,,c>es ,act4  #d4     
,repeal ( limitation on ent]ta9m5t1 etc4
 exp5ses relat$ to trade or bus9ess  7a7
 ,9 g5]al ,section #bgd ( ! ,int]nal    
,rev5ue ,code ( #aihf is am5d$--  7#a7  
by r$esignat+ subsection 7o7 z          
subsection 7p71  7#b7 by r$esignat+     
subsection 7l71 z add$ by section       
#accjd7;c7 ( ,public ,law #aae-ig1 z    

subsection 7o71 &  7#c7 by mov+ su*     
subsection 7o71 z s r$esignat$1 to !    
location aft] subsection 7n74  7b7      
,repeal ,! am5dm5ts made by subsections 
7a7 & 7b7 ( section #accjd ( ,public    
,law #aae-ig are repeal$ & ! provisions 
( law am5d$ by su* subsections are      
re/or$ z if su* subsections _h nev] be5 
enact$4  7c7 ,con=m+ am5dm5t ,subsection
 7d7 ( section #accjd ( ,public ,law    
#aae-ig is am5d$ by /rik+ subsection 7o7
 z subsection 7p7 9 p>agraph 7#a7 &     
ins]t+ subsections 7o7 & 7p7 z          
subsections 7p7 & 7q71 respectively4    
7d7 ,effective date  7#a7 ,9 g5]al ,!   
am5dm5ts made by subsections 7a7 & 7c7 &
 ! repeal made by subsection 7b7 %all   
take effect on ! date ( ! enactm5t ( ?is
 ,act4  7#b7 ,application ,! provisions 
( law z re/or$ by subsection 7b7 %all   
apply to am\nts paid or incurr$ 9       
taxable ye>s end+ aft] ! date ( !       
enactm5t ( ?is ,act4  #e4 ,e/abli%m5t ( 
tax cr$it to support ! re/aurant indu/ry
  7a7 ,9 g5]al ,= purposes ( section #ch

 ( ! ,int]nal ,rev5ue ,code ( #aihf1 9 !
 case ( an eligible taxpay]1 ! re/aurant
 & d9+ re/>t cr$it %all be treat$ z a   
cr$it li/$ at ! end ( subsection 7b7 (  
su* section4 ,= purposes ( ?is section1 
! re/aurant & d9+ re/>t cr$it = any     
taxable ye> is an am\nt equal to !      
qualifi$ re/>t co/s paid or incurr$ by !
 eligible taxpay] dur+ ! taxable ye>4   
7b7 ,eligible taxpay] ,= purposes ( ?is 
section1 ! t]m eligible taxpay] means a 
taxpay]-- 7#a7 :i* owns a trade or      
bus9ess devot$ to prep>ation &          
on-premises consumption ( food &        
bev]ages1 or  7#b7 :i* owns prop]ty on  
:i* su* a trade or bus9ess op]ates1 if m
 ?an #ej p]c5t ( ! squ>e footage ( su*  
prop]ty is devot$ to prep>ation (1 &    
seat+ = on-premises consumption (1      
prep>$ meals4  7c7 ,qualifi$ re/>t co/s 
,= purposes ( ?is section1 ! t]m        
qualifi$ re/>t co/s means any co/s paid 
or incurr$ by an eligible taxpay] on or 
aft] ! date ( ! enactm5t ( ?is ,act 9   
reop5+ a trade or bus9ess or prop]ty    

describ$ 9 subsection 7b71 or increas+  
meal & bev]age s]vices provid$ by su*   
trade or bus9ess or at su* prop]ty1 :i* 
0 clos$ or =c$ to r$uce s]vices due to !
 virus ,,s>s-,co,v-#b or coronavirus    
disease #bjai 7ref]r$ to 9 ?is section z
 ,,covid-#ai71 includ+--  7#a7 any      
r5ovation1 rem$iation1 or additional    
labor & r5tal co/s relat$ to prev5t+    
individuals pres5t at su* trade or      
bus9ess or on su* prop]ty f contract+   
,,covid-#ai2 &  7#b7 any te/+ (         
employees ( ! eligible taxpay] or gue/s 
( su* trade or bus9ess or su* prop]ty = 
symptoms ( ,,covid-#ai4  ,= purposes ( !
 prec$+ s5t5ce1 a trade or bus9ess %all 
be treat$ z hav+ r$uc$ s]vices if su*   
trade or bus9ess r$uc$ h\rs ( op]ation1 
numb] ( employees or employee h\rs1 or  
capacity ( seat+ areas1 clos$ seat+     
areas1 or took any o!r measures :i*     
r$uc$ s]vices provid$ or op]ations ( !  
trade or bus9ess z det]m9$ by !         
,secret>y ( ! ,treasury4  7d7 ,d5ial (  
d\ble b5efit ,no d$uction %all be all[$ 

"u any provision ( *apt] #a ( ! ,int]nal
 ,rev5ue ,code ( #aihf ) respect to any 
am\nt tak5 9 acc\nt 9 det]m9+ ! cr$it   
all[$ to a taxpay] "u ?is section4  7e7 
,regulations & guidance ,! ,secret>y ( !
 ,treasury 7or ! ,secret>y's delegate7  
may prescribe su* regulations & o!r     
guidance z may be appropriate or        
necess>y to c>ry out ! purposes ( ?is   
section4  7f7 ,t]m9ation ,?is section   
%all n apply to any co/s paid or incurr$
 9 taxable ye>s beg9n+ aft] ,decemb]    
#ca1 #bjbb4  #f4 ,cr$it = travel        
exp5ditures  7a7 ,9 g5]al ,subp>t ,c (  
"p ,,iv ( sub*apt] ,a ( *apt] #a ( !    
,int]nal ,rev5ue ,code ( #aihf is am5d$ 
by ins]t+ aft] section #cf ! foll[+ new 
section3  #cf;,a4 ,cr$it = travel       
exp5ditures  7a7 ,all[ance ( cr$it ,9 ! 
case ( an individual :o pays or incurs  
any qualifi$ travel exp5ses dur+ a      
taxable ye>1 !re %all be all[$ z a cr$it
 aga9/ ! tax impos$ by ?is subtitle =   
su* taxable ye> an am\nt equal to #ej   
p]c5t ( su* exp5ses4  7b7 ,limitations  

7#a7 ,doll> limitation ,! cr$it all[$ "u
 subsection 7a7 = any taxable ye> %all n
 exce$ ! sum (--  7,a7 #a1ejj 7#gej 9 ! 
case ( a m>ri$ individual fil+ a sep>ate
 return71 plus  7,b7 #ejj = ea* qualify+
 *ild 7z def9$ 9 section #aeb7;c77 ( !  
individual1 b n to exce$ #a1ejj4  7#b7  
,limitation bas$ on adju/$ gross income 
7,a7 ,9 g5]al ,! am\nt all[able z a     
cr$it "u subsection 7a7 7aft] !         
application ( p>agraph 7#a7 & det]m9$   
)\t reg>d to ?is p>agraph7 = ! taxable  
ye> %all be r$uc$ 7b n bel[ z]o7 by #b =
 e #ej by :i* ! taxpay]'s modifi$ adju/$
 gross income = su* taxable ye> exce$s  
#ge1jjj 7#aej1jjj 9 ! case ( a jo9t     
return74  7,b7 ,modifi$ adju/$ gross    
income ,! t]m modifi$ adju/$ gross      
income means ! adju/$ gross income ( !  
taxpay] = ! taxable ye> increas$ by any 
am\nt exclud$ f gross income "u section 
#iaa1 #ica1 or #icc4  7c7 ,qualifi$     
travel exp5se ,= purposes ( ?is         
section-- 7#a7 ,9 g5]al ,! t]m qualifi$ 
travel exp5se means any am\nt paid or   

incurr$ = travel )9 ! ,unit$ ,/ates :i* 
is at lea/ #ej miles f ! individual's   
home & includes an ov]night /ay1 includ+
 am\nts paid or incurr$ = food &        
bev]ages1 lodg+1 recreation1            
transportation1 amusem5t or ent]ta9m5t1 
includ+ live ent]ta9m5t & sport+ ev5ts1 
& gasol9e4  7#b7 ,m9imum am\nt ,any     
exp5se 7det]m9$ by treat+ all items on a
 s+le receipt z #a exp5se7 :i* is less  
?an #be %all n be tak5 into acc\nt "u   
p>agraph 7#a74  7#c7 ,unit$ ,/ates ,!   
t]m ,unit$ ,/ates includes ! t]ritories 
& possessions ( ! ,unit$ ,/ates4  7#d7  
,exception ,= purposes ( p>agraph 7#a71 
am\nts paid ) respect to a resid5ce or  
o!r lodg+ own$ by ! individual %all n be
 treat$ z qualifi$ travel exp5ses4  7d7 
,election ,to c>ry cr$it to prec$+ ye>  
,at ! election ( ! taxpay]1 any cr$it   
all[able "u ?is section = a taxable ye> 
may be c>ri$ back 79 its entirety7 to ! 
prec$+ taxable ye> & treat$ z a cr$it   
all[$ "u ?is subp>t = su* ye>4  7e7     
,re/rictions ,no cr$it %all be all[$ to 

an individual "u subsection 7a7 )       
respect to a qualifi$ travel exp5se if--
 7#a7 ! individual receives a refund or 
reimbursem5t f any p]son = ! exp5se1    
7#b7 a d$uction is all[$ "u section #afb
 ) respect to ! exp5se1  7#c7 a d$uction
 "u section #aea ) respect to individual
 is all[able to ano!r taxpay] = su*     
taxable ye>1 or  7#d7 ! individual does 
n atta* suffici5t evid5ce ( ! exp5se1 z 
prescrib$ by ! ,secret>y1 to ! return ( 
tax = su* taxable ye>4  7f7 ,t]m9ation  
,?is section %all n apply to any        
qualifi$ travel exp5ses paid or incurr$ 
aft] ,decemb] #ca1 #bjbc4  4  7b7       
,cl]ical am5dm5t ,! table ( sections =  
subp>t ,c ( "p ,,iv ( sub*apt] ,a (     
*apt] #a ( ! ,int]nal ,rev5ue ,code (   
#aihf is am5d$ by ins]t+ aft] ! item    
relat+ to section #cf ! foll[+ new item3
  7c7 ,con=m+ am5dm5t ,section          
#fbaa7;b77#d77;,a7 ( ! ,int]nal ,rev5ue 
,code ( #aihf is am5d$ by ins]t+ 1      
#cf;,a aft] #cf4  7d7 ,effective date ,!
 am5dm5ts made by ?is section %all apply

 to am\nts paid or incurr$ aft] ,decemb]
 #ca1 #bjbj4