118th Congress · HOUSE BILLBILL

H.R. 2575 — Restaurant Revitalization Tax Credit Act

“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.”

Taxation

Introduced Apr 13, 2023

Last action Apr 13, 2023

Pipeline · Bill → Law

Step 1

Introduced

Apr 13, 2023

Step 2

Referred

Apr 13, 2023

Ways & Means

Step 3

Committee

Step 4

House floor

Step 5

Senate

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

This bill allows certain restaurants affected by the COVID-19 pandemic a credit against payroll tax liability up to 100% of the wages paid to their employees, not to exceed $25,000 in any calendar quarter.

Provisions · 2 sectionsIntroduced in House

Timeline · 3 actions

Apr 13, 2023

Introduced in House

Apr 13, 2023

Sponsor introductory remarks on measure.

Apr 13, 2023

Referred to the House Committee on Ways and Means.