House Stimulus Bill Ppp

It now heads to president donald trump s. The 1 800 page bill provides nearly 1 trillion to state and local governments adds funding for coronavirus testing provides additional direct payments of up to 1 200 per individual extends unemployment benefits and housing and food assistance and requires employers to develop and implement infectious disease exposure control plans. If you are a small business owner the covid 19 stimulus package that congress passed on monday evening december 21 2020 has some very good news.

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The 900 billion covid 19 stimulus bill of december 2020 improves the paycheck protection program ppp2.

House stimulus bill ppp. Congress also implemented other aid including checks. The legislation allows companies seeking loan forgiveness to use a. Provides tax deductions and other relief.

There is welcome relief for small businesses. The house has passed a 480 billion funding bill aimed at tiding over small businesses during the coronavirus pandemic. The legislation the consolidated appropriations act 2021 also ensures tax deductibility for business expenses.

If you are a small business owner the covid 19 stimulus package that congress passed on monday evening december 21 2020 has some very good news. In addition to more paycheck protection program funds available congress passed tax relief for small businesses. The bill includes more than 284 billion for first and second forgivable paycheck protection program loans expanded ppp eligibility for nonprofit organizations and news outlets and modifications.

Senate and house of representatives passed a 900 billion covid 19 relief bill monday dec. Congress at last passed a second stimulus bill this week as of this writing it is still awaiting president trump s signature and it includes a second round of ppp loans for affected small. The house passed a bill to make changes to the key small business aid program passed in response to the coronavirus pandemic.

21 that will provide 600 stimulus payments to individuals adds 300 to extended weekly unemployment benefits and provides more than 300 billion in aid for small businesses.

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