New incentives involve establishing tax credits to encourage recovery in the hospitality industry.
US.- The American Gaming Association’s CEO, Bill Miller, has praised a new act that aims to assist the recovery of the US hospitality industry.
The Hospitality and Commerce Job Recovery Act, introduced by senators Catherine Cortez Masto and Keven Cramer, includes various measures to encourage economic stability for those whose livelihoods rely on travel and tourism.
The new recovery incentives involve establishing tax credits for travel expenses, for hosting or attending a conference, and for restaurants and food service businesses.
The Act will also make improvements to the Employee Retention Tax Credit to help maintain worker connections to their employer.
AGA president and CEO Bill Miller has been vocal in his support of the Act, commenting: “Mandatory closures caused by the Covid-19 pandemic shuttered the entire American gaming industry, significantly affecting our employees and communities across the country.
“While gaming’s responsible reopening is well underway, the sustained economic damage has jeopardised our ability to sustain jobs and drive much-needed tax revenue that will be essential to our nation’s economic recovery.
“The bipartisan Hospitality and Commerce Job Recovery Act will enable the gaming industry to retain employees and jumpstart nongaming elements of our business, like meetings and conventions, which account for the majority of our revenue in markets like the Las Vegas strip.
“The American Gaming Association is grateful for the continued leadership of Senators Cortez Masto and Cramer, whose hard work will expedite the recovery of the entire hospitality industry and the communities we support.”