Contact Congress today!
Contact the U.S. Congress Today on Behalf of the Attractions Industry!
The U.S. House of Representatives is expected to return to Capitol Hill on Monday, May 11, and will immediately begin their work on the next phase of COVID-19 related stimulus funding. Your continued action is critical in ensuring that the needs of the attractions are heard!
We need you to ACT NOW! Please contact your elected officials and urge them to include the following items in the next phase of COVID-19 related stimulus funding:
Small Business Administration Loans
- Increase loan forgiveness flexibility in the Paycheck Protection Program in terms of how funds can be used and the timeline for usage from 8 to 20 weeks after commencement of loan.
- Given the uncertainty of the pandemic and the ability of businesses to fully open, extend the duration of the program through December 31, 2020 and focus funds on the most severely impacted businesses such as those subject to mandatory shutdown and social distancing requirements.
- Given the anticipated slow recovery to full capacity for the attractions industry, increase loan repayment term from 2 to 10 years.
- For the purposes of eligibility for the Paycheck Protection Program for seasonal businesses such as attractions industry businesses, change the definition of “employee” to “full-time equivalent” to accurately reflect the size of the business. Over ninety percent of the employment at an amusement park or attraction is comprised of employees who work less than a quarter of what a full-time employee works. This change would be consistent with the current Internal Revenue Code 45R(d)(2) loan amount which is based on actual payroll costs, and with the forgiveness sections of the Act which rely on full-time equivalent calculations.
Mid-Size Lending Programs in the Emergency Stabilization Fund
- Requirements for employee retention should focus on permanent year-around employees to accommodate the attractions industry, and other industries, that have a substantial number of part-time, temporary and seasonal workers who are critical to the industry.
- Employers should not be responsible for retaining employees that opt not to return (similar to PPP).
- Should state and local health guidelines prevent businesses from fully opening, deferral of repayment should be extended beyond the current 1 year and should be interest free to encourage businesses to maintain employees and sustain their businesses until they can open at full capacity.
- Support the bi-partisan Jumpstarting Our Businesses Success Credit (JOBS Credit), introduced by Representatives Stephanie Murphy (D-FL) and John Katko (R-NY), which among other things, modifies the Employee Retention Tax Credit (ERTC), by: (1) increasing the credit percentage from 50 percent to 80 percent of qualified wages; (2) increasing the per-employee limitation from $10,000 for all quarters to $15,000 per calendar quarter; (3) changing the threshold for treatment as a large employer from employers having more than 100 employees to employers having more than 1,500 employees (based on the average number of full-time employees in 2019) or having gross receipts above $41.5 million in 2019; (3) enabling ERTC eligibility for Paycheck Protection Program (Section 1102 of the CARES Act) recipients, with safeguards in place to prevent double-dipping; and (4) clarifying that “qualified wages” include qualified health.
- Create a temporary travel tax credit worth 50 percent of qualified travel expenses incurred in the U.S. during a specified 12-month period up, to a maximum tax credit of $4,000 per household in order to incentivize a restart of the travel economy.
- Provide COVID-19 liability protection for businesses that are following best practices to protect guests and workers against COVID-related illness.