118th Congress · SENATE BILLBILL

S. 28 — Restaurant Revitalization Tax Credit Act

“A bill 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 Jan 24, 2023

Last action Jan 24, 2023

Pipeline · Bill → Law

Step 1

Introduced

Jan 24, 2023

Step 2

Referred

Jan 24, 2023

Finance

Step 3

Committee

Step 4

Senate

Step 5

House floor

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 Senate

Timeline · 2 actions

Jan 24, 2023

Introduced in Senate

Jan 24, 2023

Read twice and referred to the Committee on Finance.