Save Hotel Jobs Act
- Last Action
- 5/11/2021
Actions
- 2021-05-11Referred to the Committee on Financial Services, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
- 2021-05-11Referred to the Committee on Financial Services, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
- 2021-05-11Introduced in House
- 2021-05-11Introduced in House
CRS Summary
As of 2021-05-11 (00)
Save Hotel Jobs Act
This bill requires the Department of the Treasury to award grants to hotel owners and operators to assist with payroll costs.
Applicants for a grant must provide Treasury with certain assurances, including that (1) the hotel, if in operation, experienced at least a 40% decline in revenue during a three-month period in calendar year 2020 as compared to the corresponding period in 2019; and (2) the hotel owner or operator has a policy to offer employees who have been laid off during the COVID-19 public health emergency any same or similar positions that become available as a result of receiving a grant. All grant funds must be expended during the 270-day period beginning on the date the funds are disbursed.
If the hotel owner or operator receives loans through the Paycheck Protection Program, the grant must be reduced by the amount of such loans that are forgiven under the program, including loans received on or before enactment of this bill. For federal tax purposes, the grants are not included as part of the gross income of the hotel owner or operator.
The bill also establishes a tax credit equal to 50% of the expenses a hotel owner or operator incurs for qualified personal protective equipment (up to a maximum of $25,000).
Cosponsors (20)
- Ed Case (D-HI)
- Jimmy Panetta (D-CA)
- Dina Titus (D-NV)
- ELEANOR NORTON (D-DC)
- Marilyn Strickland (D-WA)
- Gerald Connolly (D-VA)
- Elaine Luria (D-VA)
- Scott Peters (D-CA)
- Thomas Suozzi (D-NY)
- Dwight Evans (D-PA)
- Brian Fitzpatrick (R-PA)
- Raja Krishnamoorthi (D-IL)
- Vicente Gonzalez (D-TX)
- J. Correa (D-CA)
- Derek Kilmer (D-WA)
- Jahana Hayes (D-CT)
- Salud Carbajal (D-CA)
- Theodore Deutch (D-FL)
- Jefferson Van Drew (R-NJ)
- Val Demings (D-FL)
Subjects
- Business expenses
- Cardiovascular and respiratory health
- Emergency medical services and trauma care
- Employee hiring
- Health promotion and preventive care
- Health technology, devices, supplies
- Income tax credits
- Income tax exclusion
- Infectious and parasitic diseases
- Travel and tourism
- Unemployment
- Wages and earnings
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.