Coronavirus Aid, Relief, and Economic Security (CARES Act)
An executive summary of the Coronavirus Aid, Relief and Economic Security Act (CARES Act) is now available below for both restaurants and lodging establishments. Both summaries go into detail on the following relief measures:
- Paycheck Protection Program
- Qualified Improvement Property
- Employee Retention Tax Credit
- Community Development Block Grants (CDBG)
- Modifications for Net Operating Losses (NOLs)
- Delay of Payment of Employer Payroll Taxes
- Temporary exception from excise tax for alcohol used to produce hand sanitizer
- Additional Tax Relief
- Emergency Relief and Taxpayer Protections
COVID-19 Federal Assistance Package
President Trump signed a $100 billion coronavirus aid package, the Families First Coronavirus Response Act (FFCRA), into law on Thursday, March 19th. It includes two provisions relevant to employers:
If you are looking for more information, please view the frequently asked questions, guidance for employers, and guidance for employees pages from the US Department of Labor.
- Providing paid leave to employees forced to miss work because of the COVID-19 outbreak; an emergency expansion of the Family Medical Leave Act (FMLA).
- New federal paid sick leave law.
If you are looking for more information, please view the frequently asked questions, guidance for employers, and guidance for employees pages from the US Department of Labor.
