the taxable year of the eligible wholesale distributor which includes July 15, 2020, if— (A) the qualified food and beverage establishment to which such qualified accounts receivable relates does not provide on-premises consumption pursuant to an order or recommendation of an applicable Federal, State, or municipal authority for at least 30 days during the period beginning on March 25, 2020, and ending on July 15, 2020, and (B) such qualified accounts receivable is not paid before the close of such taxable year. (d) Qualified food and beverage establishment For purposes of this section— (1) Qualified food and beverage establishment The term qualified food and beverage establishment means a food and beverage establishment within the United States that ceases to provide on-premises consumption of food and beverage on or after March 25, 2020, pursuant to an order or recommendation of an applicable Federal, State, or municipal authority. (2) Food and beverage establishment The term food and beverage establishment means a commercial establishment engaged in the trade or business of preparing food and beverage for consumption on-premises or off-premises. (e) Inventory For purposes of this section, the term inventory means property described in section 1221(a)(1) in the hands of the food and beverage establishments to which sold by the eligible wholesale distributor. (f) Coordination with deduction for bad debts Any amount allowed as a credit under this section will not be allowable as a deduction under section 166. . (b) Conforming amendments Section 38(b) of the Internal Revenue Code of 1986 is amended by striking plus at the end of paragraph (32), by striking the period at the end of paragraph (33) and inserting , plus , and by adding after paragraph (33) the following new paragraph: (34) in the case of an eligible wholesale distributor (as defined in section 45U(b)), the wholesale distributor uncollectible accounts credit determined under section 45U(a). . (c) Effective date The amendments made by this sections