Expanded employer tax credit related to tips?

As part of the No Tax on Tips Act, which would give tipped employees an above-the-line deduction of up to $25,000 for tips received, the measure would also expand the credit for portion of employer social security taxes paid with respect to employee cash tips. It currently applies to providing, delivering, or serving food or beverages for consumption where tipping is customary. The measure would expand the credit for employers in certain lines of business providing beauty services: barbering and hair care, nail care, esthetics, and body and spa treatments. It would be effective for tax years beginning after December 31, 2024. #IdeaoftheDay