New Bill Would Give Americans a $4,000 Tax Credit to travel industry has been severely impacted by the global spread of COVID-19 pandemic, which has to forced international borders to close down with no social distancing restrictions in place.
In order to keep the industry from collapsing, some Republican lawmakers are proposing a new tax credit to entice more Americans to vacation.
The bill would grant up to a $4,000 tax credit for travel-related expenses through the end of 2022.
“The tourism and hospitality industries were among the hardest hit sectors across the country and their revival is critical to our economic recovery,” said McSally in a press statement, according to Business Insider.
“My legislation will help boost domestic travel and jump-start 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,” she continued.
