Bill that would give taxpayers $4,000 to take a vacation was introduced by Senator

Republican Sen. Martha McSally of Arizona introduced a new bill. The main goal of it is to boost the tourism and hospitality industries that have been hard-hit due to the covid-19. Therefore, to reach this, the bill proposes to give $4,000 to taxpayers so they can take a vacation anywhere in the U.S. at least 50 miles from their primary residence.

Bill that would give taxpayers $4,000 to take a vacation was introduced by Senator

The bill, known as the “American Tax Rebate and Incentive Program Act” or the American TRIP Act, would amend the Internal Revenue Code of 1986 to establish a temporary nonrefundable personal tax credit for travel, hospitality, and entertainment expenses, and for other purposes. The tax credit, however, could only be applied to vacations taken between Dec. 31, 2019, and Jan. 1, 2022.

 In a release on Monday, McSally said “The tourism and hospitality industries were among the hardest-hit sectors across the country and their revival is critical to our economic recovery.”

“Arizona has lost billions in revenue this year alone due to the pandemic. My legislation will help boost domestic travel and jumpstart the comeback of our hotels, entertainment sectors, local tourism agencies, and the thousands of businesses that make Arizona one of the best places in the world to visit. It will also encourage Americans to safely get out of their homes and discover or rediscover Arizona along with the rest of the amazing destinations our country has to offer after a difficult several months stuck inside. I look forward to working with both sides of the aisle in the Senate and House to restart an important part of the economy by passing this bill,” she added.

“Thank you”

Some organizations such as the American Hotel and Lodging Association pronunced when knwing about the new bill. They praised the bill Tuesday for “efforts to support jobs in travel & tourism”

“Thank you @SenMcSallyAZ for your efforts to support jobs in travel & tourism with the introduction of The American TRIP Act. We look forward to working with Congress on efforts to restart the travel industry, boost the economy and bring back hotel jobs,” the organization noted in a tweet.

Source: The Christian Post

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