Cares Act Extended To 2021. The american rescue plan act of 2021 (the act), signed into law by president biden on march 11, 2021, extends section 3610 of the cares act (previously discussed here, here, and here) through september 30, 2021. The provision is retroactive to the passage of the coronavirus aid, relief and economic security (cares) act.
Keep reading to learn why this extension is great news for entrepreneurs looking to buy or sell a business. Cares act ii was enacted on december 27, 2020 and, as we noted in another blog post, halved that amount, limiting pua to $300 per week through march 14, 2021. The provision is retroactive to the passage of the coronavirus aid, relief and economic security (cares) act.
The american rescue plan act of 2021 (the act), signed into law by president biden on march 11, 2021, extends section 3610 of the cares act (previously discussed here, here, and here) through september 30, 2021.
It increases the amount to $600 for married couples filing joint returns. The 2021 act extended the sunset applicable tothat debt limit increase from one year to two years, i.e., to march 27, 2022. But congress passing the $900 billion stimulus package earlier this month, means local municipalities have until the end of 2021 to use up their cares funds. Updated 6:25 pm et, tue march 23, 2021.