Restaurant Revitalization Tax Credit Act

Hozzl · 2025-06-10T22:23:48Z

Explore the details of Senate Bill 28 Restaurant Revitalization Tax Credit Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Taxation. Stay informed on legislative developments.

6/10/2025, 10:23 PM

Summary of Bill S 28

The "Restaurant Revitalization Tax Credit Act" was introduced in the 118th Congress on January 24, 2023. The bill, designated as S.28, aims to provide tax credits to revitalize and support the restaurant industry. Specific provisions and directives within the bill focus on offering financial incentives to encourage growth and sustainability in the restaurant sector. For further details and the full text of the bill, the official PDF version can be accessed at https://www.congress.gov/118/bills/s28/BILLS-118s28is.pdf.

Congressional Summary of S 28

Restaurant Revitalization Tax Credit Act

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.

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Current Status of Bill S 28

Bill S 28 is currently in the status of Bill Introduced since January 24, 2023. Bill S 28 was introduced during Congress 118 and was introduced to the Senate on January 24, 2023. Bill S 28's most recent activity was Read twice and referred to the Committee on Finance. as of January 24, 2023

Bipartisan Support of Bill S 28

Total Number of Sponsors

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Unaffiliated Sponsors

Total Number of Cosponsors

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Policy Area and Potential Impact of Bill S 28

Primary Policy Focus

Taxation

Alternate Title(s) of Bill 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.