h.r. 7024
AHLA Rallies Industry in Support of Hotel Tax Relief
AHLA | April 15, 2024
WASHINGTON (April 15, 2024) – The American Hotel & Lodging Association (AHLA) today is leading an industry-wide Tax Day of Action in support of the Tax Relief for American Families and Workers Act, H.R. 7024. The Tax Relief for American Families and Workers Act would extend critical tax relief for hotels that would incentivize new investments in properties and employee hiring and help keep hoteliers competitive at a time of economic uncertainty. The bill passed the House in January with a broad, bipartisan vote and is currently pending in the Senate. The Tax Day of Action membership mobilization push complements AHLA’s consi...
Cornell Study Shows How Tax Reform Could Boost Hospitality Investment
AHLA | April 3, 2024
WASHINGTON (April 3, 2024) – The Tax Relief for American Families and Workers Act of 2024, H.R. 7024, could provide substantial tax relief to hotels across the country, incentivizing investments in renovations and property upgrades, according to a Cornell University study commissioned by the American Hotel & Lodging Association. The study, conducted by Cornell’s Center for Hospitality Research, highlights how hotels of all sizes and service levels stand to benefit from H.R. 7024’s provisions to extend 100% bonus depreciation and expand deductibility of business interest. The bipartisan bill to temporarily extend these provisi...
AHLA Applauds House Passage of Important Tax Relief for Hotels
AHLA | February 1, 2024
WASHINGTON (Feb. 1, 2024) – American Hotel & Lodging Association President & CEO Chip Rogers released the following statement today after the U.S. House of Representatives passed the Tax Relief for American Families and Workers Act (H.R. 7024), which would temporarily extend a number of tax provisions that are critical to the hotel industry. “The Tax Relief for American Families and Workers Act would provide vital economic help to America’s hotels, encouraging investment in both hotel properties and employees,” said AHLA President & CEO Chip Rogers. “We thank members of the House for passing this important, bipartisan...
