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VIEWpoint Issue 1 | 2023
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Restaurants and other hospitality and tourism businesses in Texas who were negatively impacted by COVID-19 will have another opportunity to apply for a grant of up to $20,000 from the Texas Travel Industry Recovery Grant Program (TTIR), beginning on Feb. 1, 2023.
The state’s Economic Development and Tourism Office is administering the grant and has decided to reopen the application portal to all who are eligible until the funding is depleted. As applications are submitted to the final round, TTIR grants will be awarded to eligible applicants on a first-come, first-served basis. Businesses already waiting for an awards determination will not lose their spot in line, so long as they continue to respond to messages in their portal and comply with grant administrator instructions.
Find out if you qualify and how to apply in the FAQs below.
Applicants in the travel, tourism and hospitality industries (as determined by eligible NAICS code) who were negatively impacted by COVID-19 can apply. Basic qualifying criteria for a prospective applicant includes, but is not limited to, the following:
Costs in the following categories will be allowed, if they address the identified need or impact of the COVID-19 pandemic, are in response to the disease itself or the harmful consequences of the economic disruptions resulting from or exacerbated by the COVID–19 public health emergency. Additionally, qualifying costs must have been incurred in the period beginning Nov. 8, 2021, through the time of the application (and in no event later than Aug. 31, 2024). Qualifying costs include:
Expenses in these categories must be related and reasonably proportional to the extent and type of harm experienced; uses that bear no relation or are grossly disproportionate to the type or extent of harm experienced would not be eligible uses. In addition, all uses shall be compliant with applicable federal and state guidance.
Applicants must submit the following documents, where applicable. Legible photocopies, scanned documents and digital photos of documents are accepted in lieu of original documents.
1. One of the following:
2019, 2020 and 2021 Texas Sales and Use Tax Return 01-117 or 01-114; OR one of the below forms for 2019, 2020 and 2021:
Applicants submitting an IRS Form 990N must submit a Profit and Loss statement containing total revenue for the reporting period. The Profit and Loss statement must be signed and dated by an organization officer substantiating the information. The Form must also be accompanied by the 990N attestation form.
A mixture of State and Federal tax forms cannot be submitted to meet this documentation requirement. Instead, applicants should choose one type of form (i.e., Comptroller of Public Accounts Form 12-100 or IRS Form 990; not a combination thereof). In the case of a change in business type a combination of federal forms may be evaluated on a case-by-case basis.
2. Most Recent Employer’s Quarterly Federal Tax Return (IRS Form 941) or a memorandum indicating why the entity is not required to file an IRS Form 941
3. Invoices/payroll records for reimbursement
4. Veterans Administration Service or Benefits Letter
5. Other documentation as required by for other submitted expenses
To apply for this grant, please visit the TTIR portal. Click here to access it.
Texas businesses interested in taking advantage of this grant should prepare and act quickly. To obtain assistance preparing this information or to apply, contact our Houston CPAs today.
This publication is distributed for informational purposes only, with the understanding that Doeren Mayhew is not rendering legal, accounting, or other professional opinions on specific facts for matters, and, accordingly, assumes no liability whatsoever in connection with its use. Should the reader have any questions regarding any of the news articles, it is recommended that a Doeren Mayhew representative be contacted.
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