Supporting America’s Restaurant Workers Act

Bill: 116-s-4319
Sponsor: full_name: Sen. Scott, Tim [R-SC]
Introduced: 2020-07-27
Policy area: Taxation
Subjects: Business expenses

Food industry and services

Income tax deductions
Latest action: action_date: 2020-07-27
text: Read twice and referred to the Committee on Finance.

Summaries:
action_date: 2020-07-27
action_desc: Introduced in Senate
text: <p><b>Supporting America's Restaurant Workers Act</b></p> <p>This bill expands the currrent 50% tax deduction for business meals to 100% of the cost of such meals provided by a restaurant paid or incurred before January 1, 2021. </p>

tv_txt: II 116th CONGRESS 2d Session S. 4319 IN THE SENATE OF THE UNITED STATES July 27, 2020 Mr. Scott of South Carolina introduced the following bill; which was read twice and referred to the Committee on Finance A BILL To amend the Internal Revenue Code of 1986 to temporarily expand the deduction for business meals provided at a restaurant.

1. Short title This Act may be cited as the Supporting America’s Restaurant Workers Act . 2. Temporary allowance of full deduction for business meals (a) In general Section 274(n)(2) of the Internal Revenue Code of 1986 is amended by striking or at the end of subparagraph (B), by striking the period at the end of subparagraph (C)(iv) and inserting , or , and by inserting after subparagraph (C) the following new subparagraph: (D) such expense is— (i) for food or beverages provided by a restaurant, and (ii) paid or incurred before January 1, 2021. . (b) Effective date The amendments made by this section shall apply to amounts paid or incurred after the date of the enactment of this Act.