Stimulus Bill And Ppp
This is the largest bill ever passed by congress at over 5 500 pages.
Stimulus bill and ppp. 22 2020 congress passed the latest covid 19 relief bill. 20 million for animal disease prevention and response capacity. Because the smallest businesses and those located in low and moderate income areas were often shut out of the first round of ppp funding this bill includes set asides for small businesses with.
The good news for most ppp borrowers is that the proposed bill allows for the deduction of these expenses and for loan forgiveness to not be included in income. Dec 22 2020 by anita campbell in small business news 2. Bkd will continue to follow this developing situation.
It contains over 900 billion of additional stimulus funding and provides for several key tax extenders and other tax changes. 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. 200 million in relief payments to timber harvesting and hauling businesses.
22 dec 2020 new stimulus bill and ppp updates. Stimulus checks for those.