We’ve provided much information regarding the Senate’s Coronavirus Stimulus Legislation in the past several days and now that is has finally passed the Senate and is on its way to the House of Representatives and then the President, we are providing another summary of the final bill with highlights to the main new provisions.
To help keep small businesses afloat, the CARES Act provides that businesses with fewer than 500 employees, including sole proprietors and nonprofits, will have access to nearly $350 billion in loans through the Small Business Act during the “covered period.”
The 2019 Wisconsin Act 185 authorizes the Wisconsin Department of Revenue to grant extensions to taxpayers that request relief for returns and payments due in 2020.
The recent legislation signed by President Trump, the Families First Coronavirus Response Act (H.R. 6201), grants two weeks of paid sick leave at 100 percent of the person’s normal salary, up to $511 per day.
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