[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[S. 4031 Introduced in Senate (IS)]
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116th CONGRESS
2d Session
S. 4031
To 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.
_______________________________________________________________________
IN THE SENATE OF THE UNITED STATES
June 22, 2020
Ms. McSally introduced the following bill; which was read twice and
referred to the Committee on Finance
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A BILL
To 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.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``American Tax Rebate and Incentive
Program Act'' or the ``American TRIP Act''.
SEC. 2. TEMPORARY NONREFUNDABLE PERSONAL CREDIT FOR TRAVEL,
HOSPITALITY, AND ENTERTAINMENT EXPENSES.
(a) In General.--Subpart A of part IV of subchapter A of chapter 1
of the Internal Revenue Code of 1986 is amended by inserting after
section 25D the following new section:
``SEC. 25E. TRAVEL, HOSPITALITY, AND ENTERTAINMENT EXPENSES.
``(a) In General.--In the case of an individual, there shall be
allowed as a credit against the tax imposed by this chapter for the
taxable year an amount equal to the lesser of--
``(1) any eligible expenses paid or incurred by the
taxpayer during such taxable year, or
``(2) an amount equal to--
``(A) $4,000 ($8,000 in the case of a joint
return), plus
``(B) an amount equal to the product of $500
multiplied by the number of qualifying children (within
the meaning of section 24(c)) of the taxpayer.
``(b) Eligible Expenses.--
``(1) In general.--For purposes of this section, the term
`eligible expenses' means any expenses which are paid or
incurred by the taxpayer during any period of qualifying travel
which are related to any of the following:
``(A) Food and beverages.
``(B) Lodging.
``(C) Transportation.
``(D) Live entertainment events (including sporting
events).
``(E) Expenses related to attending a conference or
business meeting.
``(2) Qualifying travel.--
``(A) In general.--For purposes of this section,
the term `qualifying travel' means any travel--
``(i) which occurs within the United States
(including any territory or possession of the
United States),
``(ii) for which the final destination is
not less than 50 miles from the principal
residence of the taxpayer (within the meaning
of section 121), and
``(iii) which occurs after December 31,
2019, and before January 1, 2022.
``(B) Vacation home.--For purposes of subparagraph
(A)(ii), the final destination may include any other
residence owned by the taxpayer which is not the
principal residence of the taxpayer, except that any
expenses paid or incurred by the taxpayer for lodging
(as described in paragraph (1)(B)) with respect to such
residence shall not be included as eligible expenses
under this section.
``(C) Use of personal vehicle.--With respect to a
motor vehicle used for qualifying travel which is owned
or leased by the taxpayer, the amount of any vacation
expenses described in paragraph (1)(C) with respect to
the use of such motor vehicle shall be determined using
the standard mileage rate in effect under section
162(a) at the time of such use.
``(c) Exclusion of Business Travel Expenses.--No credit shall be
allowed under subsection (a) with respect to any expenses with respect
to which a deduction is allowed or allowable to the taxpayer under
section 162(a)(2).
``(d) Regulations.--The Secretary shall prescribe such regulations
or other guidance as may be necessary to carry out the purposes of this
section, including rules for itemization of any eligible expenses
claimed by the taxpayer (in such form and manner as is deemed
appropriate by the Secretary) for purposes of the credit allowed under
this section.''.
(b) Clerical Amendment.--The table of sections for subpart A of
part IV of subchapter A of chapter 1 of the Internal Revenue Code of
1986 is amended by inserting after the item relating to section 25D the
following new item:
``Sec. 25E. Travel, hospitality, and entertainment expenses.''.
SEC. 3. DESTINATION MARKETING ORGANIZATION GRANT PROGRAM.
(a) In General.--The Secretary shall establish a program to provide
grants to each State to support destination marketing organizations.
(b) Amount.--The amount of the grant that shall be provided to each
State shall be--
(1) determined in such manner as is deemed appropriate by
the Secretary, and
(2) disbursed by the Secretary to such State not later than
30 days after the date of enactment of this Act.
(c) Use of Funds.--Any funds provided to a State under this section
shall be transferred by such State to any destination marketing
organizations located within such State, in such manner as is
determined appropriate by such State.
(d) Definitions.--
(1) Destination marketing organization.--The term
``destination marketing organization'' means a nonprofit
entity, a State, or a political subdivision of a State
(including any instrumentality of such entities) engaged in
marketing and promoting communities and facilities to
businesses and leisure travelers through a range of activities,
including--
(A) assisting with the location of meeting and
convention sites;
(B) providing travel information on area
attractions, lodging accommodations, and restaurants;
(C) providing maps; and
(D) organizing group tours of local historical,
recreational, and cultural attractions.
(2) Secretary.--The term ``Secretary'' means the Secretary
of Commerce.
(3) State.--The term ``State'' means any of the 50 States,
the District of Columbia, the Commonwealth of Puerto Rico, the
Virgin Islands, Guam, American Samoa, and the Commonwealth of
the Northern Mariana Islands.
(e) Guidance.--Not later than 30 days after the date of enactment
of this Act, the Secretary shall prescribe such rules and guidance as
may be necessary to carry out the purposes of this section, including
any measures as are deemed appropriate for purposes of ensuring
appropriate transfer of funds by States under subsection (c).
(f) Authorization of Appropriations.--To carry out the purposes of
this section, there is authorized to be appropriated $50,000,000 for
fiscal year 2021, to remain available until expended.
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