April 21, 2020
  • A $350 billion forgivable loan program designed to ensure that small businesses do not lay off employees
  • A 50% refundable payroll tax credit on worker wages will further incentivize businesses, including ones with fewer than 500 employees, to retain workers
  • Looser net operating loss-reduction rules that will allow businesses to offset more
  • A delay in employer-side payroll taxes for Social Security until 2021 and 2022
  • Sole proprietors and other self-employed workers could be eligible for the expanded unemployment-insurance benefits the bill provides
  • A portion of the $425 billion in funds appropriated for the Federal Reserve’s credit facilities will target small businesses

 

SOURCE: marketwatch.com, 3/26/2020