Hotels, Restaurants And Tourism May Be Getting Tax Relief

We understand that the U.S. Senate may take up the bipartisan Tax Relief for American Families and Workers Act in the coming weeks. This legislation, if passed into law, would mean major tax savings for hotels, restaurants, and other hospitality and tourism businesses by extending federal tax provisions like bonus depreciation and expanded business interest deductibility. Taken together, these policies support our industry’s ability to weather crises and invest for the future. Many chamber of commerce and state restaurant organizations have contacted both Sens. Graham’s and Scott’s offices, stating favorable positions on the bill.

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