A group of industry backers in Congress has reintroduced a tax relief bill that includes an individual tax credit aimed at stimulating leisure travel.

The U.S. Travel Association praised the introduction Thursday of the Hospitality and Commerce Job Recovery Act, saying "it provides stimulus needed to help bring back the millions of travel jobs lost to the pandemic."

Related report: U.S. Travel urges Biden administration get travel going

In addition to giving individuals tax credits of up to $1,500 for leisure travel in the U.S., the bill would create a temporary business tax credit for meetings and events, temporarily restore an entertainment business expense and provide tax relief for restaurants.

The principal sponsors of the legislation are Sens. Catherine Cortez Masto, D-Nev., and Kevin Cramer, R-N.D., and Reps. Steven Horsford, D-Nev., Darin LaHood, R-Ill., Tom Rice, R-S.C., and Jimmy Panetta, D-Calif.


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