of law amended by such subsections are restored as if such subsections had never been enacted. (c) Conforming amendment Subsection (d) of section 13304 of Public Law 115–97 is amended by striking subsection (o) as subsection (p) in paragraph (1) and inserting subsections (o) and (p) as subsections (p) and (q), respectively . (d) Effective date (1) In general The amendments made by subsections (a) and (c) and the repeal made by subsection (b) shall take effect on the date of the enactment of this Act. (2) Application The provisions of law as restored by subsection (b) shall apply to amounts paid or incurred in taxable years ending after the date of the enactment of this Act. 5. Establishment of tax credit to support the restaurant industry (a) In general For purposes of section 38 of the Internal Revenue Code of 1986, in the case of an eligible taxpayer, the restaurant and dining restart credit shall be treated as a credit listed at the end of subsection (b) of such section. For purposes of this section, the restaurant and dining restart credit for any taxable year is an amount equal to the qualified restart costs paid or incurred by the eligible taxpayer during the taxable year. (b) Eligible taxpayer For purposes of this section, the term eligible taxpayer means a taxpayer— (1) which owns a trade or business devoted to preparation and on-premises consumption of food and beverages, or (2) which owns property on which such a trade or business operates, if more than 50 percent of the square footage of such property is devoted to preparation of, and seating for on-premises consumption of, prepared meals. (c) Qualified restart costs For purposes of this section, the term qualified restart costs means any costs paid or incurred by an eligible taxpayer on or after the date of the enactment of this Act in reopening a trade or business or property described in subsection (b), or increasing meal and beverage services provided by such trade or business or at such property, which was closed or forced to reduce services due