When Was The Last Cares Act Passed. On april 10, the irs released frequently asked questions (faqs) regarding the interaction of relief provisions for employers in the coronavirus aid, relief, and economic security act (the cares act). (1) the term “covered 7 (a) loan” means a loan guaranteed under section 7 (a) of the small business act ( 15 u.s.c.
And washington is no closer to reaching a deal on another stimulus package than it was at the end of july, when many cares act provisions expired. On march 27, the coronavirus aid, relief and economic security (cares) act was passed. We will continue to provide updates on tax and legal developments resulting from the coronavirus crisis.
After weeks of back and forth, congress has approved a new $900 billion stimulus package to follow up the cares act from march, which included a $1,200 stimulus check, $600 in.
Washington — the senate unanimously passed a $2 trillion stimulus package march 25 aimed at helping the people, states and businesses nationwide devastated by the coronavirus pandemic. (2) the term “covered period” means the period beginning on march 1, 2020 and ending on june 30, 2020; Congress last year allowed states to block the first stimulus payment to people who owed child support. As this article went to press, congress was reported to already be working on another relief package.