On Monday, Arizona Senator Martha McSally proposed the American TRIP Act that seeks to get Americans to go vacation. TRIP is short for “Tax Rebate and Incentive Program.”
The tax credit offers $4,000 to every American adult, $8,000 per married couple and $500 for each dependant child, according to the legislation.
Credits would be applied to expenses for food and beverage, entertainment, transportation and lodging that occurred during December 31, 2019 and January 1, 2022. The only requirement for the credits is that the vacation must be 50 miles away from your address and must be within the U.S. and U.S. territories.
“The tourism and hospitality industries were among the hardest-hit sectors across the country and their revival is critical to our economic recovery,” said McSally in an official statement.
Although McSally’s legislation is the only bill to be officially introduced, it still needs to pass through the House of Representatives and Congress before Americans see it.