Tourism Industry Proposing Tax Credit for Travel
U.S. Travel Association | June 11, 2020
One of the ways the tourism industry wants to get travel back on track is to encourage people to take vacations with a new tax incentive.
The “Explore America” Tax Credit is a new plan circulating around Congress and the White House that could give Americans up to $4,000 in tax breaks for vacation expenses at hotels, theme parks and other tourism businesses through the end of 2021.