New tax law presentation discussing rebates, extension of deferred payroll taxes, ppp loans, shuttered venue operators, extension and expansion of credits for paid sick and family leave, unemployment insurance, eidl, and more.
On
December 27, 2020, the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues
Act (Economic Aid Act) (Pub. L. 116-260) became law. The Economic Aid Act extends the
authority to make PPP loans through March 31, 2021 and revises certain PPP requirements. This
2
interim final rule incorporates the Economic Aid Act amendments required to be implemented
by regulation within 10 days of enactment.
This interim final rule announces the implementation of section 311 of the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act (the Economic Aid
Act).
New tax law presentation discussing rebates, extension of deferred payroll taxes, ppp loans, shuttered venue operators, extension and expansion of credits for paid sick and family leave, unemployment insurance, eidl, and more.
On
December 27, 2020, the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues
Act (Economic Aid Act) (Pub. L. 116-260) became law. The Economic Aid Act extends the
authority to make PPP loans through March 31, 2021 and revises certain PPP requirements. This
2
interim final rule incorporates the Economic Aid Act amendments required to be implemented
by regulation within 10 days of enactment.
This interim final rule announces the implementation of section 311 of the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act (the Economic Aid
Act).