Does New Stimulus Package Include Ppp

The new ppp program will have a flexible covered period and a simplified application process. The measure also includes new funding for waterways ports and other maritime facilities. In this new act congress is purposefully choosing to give ppp borrowers the same tax break that mr.

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December 29 2020 the consolidated appropriations act of 2021 has been signed into law by the president.

Does new stimulus package include ppp. The following summarizes the paycheck protection program ppp 2 provisions of the new stimulus law. New stimulus package to include second draw of ppp loans update. The bill also establishes tax reliefs for businesses.

Late on monday dec 21 the united states congress officially passed legislation that provides 900 billion in coronavirus relief. The package does not include hazard pay for essential workers. Thu january 14 2021.

Gilitz received by not expanding section 108 to include ppp loans. Latest covid related stimulus package includes revised ppp loan. The new language also allows loans made under ppp before on or after the enactment of this new act to be eligible to utilize the expanded forgivable expenses except for borrowers who have already had their loans forgiven.

Stimulus deal includes new round of ppp tax relief for small business small businesses are in free fall as congress works on more ppp aid. 22 7 30 am est. How to get a small business loan from the new ppp program.

What s in the new 900 billion stimulus package. Congress was expected to approve the new stimulus package on monday dec. The package extends some provisions of the original stimulus package that was passed in the spring while adding new measures to help working families who have continued to suffer amid the pandemic.

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