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Blackburn Supports Governor’s Disaster Declaration for Christmas Day Bombing
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Politics |
Nashville, TN – U.S. Senator Marsha Blackburn (R-Tenn.) has urged support of Tennessee Governor Bill Lee’s request for a major disaster declaration as a result of the intentional explosion in Nashville.
“Tennesseans are so grateful for the tremendous law enforcement resources dedicated to solving this horrendous and cowardly attack. This has been a trying year for Nashville, but we are strong and we will recover,” said Senator Blackburn. “I am urging President Trump to declare a major disaster declaration to provide all necessary federal resources to help Nashville’s recovery and support the small business owners that have already been hurting from the pandemic.”
Blackburn Supports Governor’s Disaster Declaration for Christmas Day Bombing
Nashville, TN – U.S. Senator Marsha Blackburn (R-Tenn.) has urged support of Tennessee Governor Bill Lee’s request for a major disaster declaration as a result of the intentional explosion in Nashville.
“Tennesseans are so grateful for the tremendous law enforcement resources dedicated to solving this horrendous and cowardly attack. This has been a trying year for Nashville, but we are strong and we will recover,” said Senator Blackburn. “I am urging President Trump to declare a major disaster declaration to provide all necessary federal resources to help Nashville’s recovery and support the small business owners that have already been hurting from the pandemic.”
Congress unveils 2020 energy tax extenders lexology.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lexology.com Daily Mail and Mail on Sunday newspapers.
A small section of Tuesday s spending bill will help some employers avoid partial plan terminations
December 22, 2020 2 MINS
Small businesses that have laid off or furloughed workers this year may have one less worry, at least when it comes to their retirement plans, thanks to an emergency measure approved Monday by Congress.
Retirement savings provisions are scant in the Taxpayer Certainty and Disaster Relief Act, which is attached to the 2021 appropriations bill. But a short section of the legislation gives plan sponsors an extra three months of breathing room to avoid the consequences of partial plan terminations.
Normally, a reduction of 20% or more in a firm’s head count in a year can trigger partial plan terminations. In such cases, an employer must pay the full amount of any matching contributions in the separated employees’ 401(k) accounts, even if those employees were not fully vested at the time they were laid off or furloughed. That can mean
Eversheds Sutherland Observation: Taxpayers that have begun or are in the process of beginning construction on facilities in 2020 may want to quickly consider opportunities to shift to a 2021 (or later) beginning of construction date if helpful to have additional time available to satisfy the continuity safe harbor.
Under existing law, the PTC (and ITC in lieu of PTC) is not available for the following facilities if construction begins after December 31, 2020. Under the Extenders Bill, the 100% PTC (and ITC in lieu of PTC) would be available for these facilities if construction begins by December 31, 2021.
closed-loop biomass facilities,
10%
Offshore wind facilities are separately addressed in the Extenders Bill. The bill would add new rules applicable to offshore wind facilities that provide for a 30% ITC for offshore wind facilities on which construction begins before 2026. A qualified offshore wind facility is defined as a qualified wind facility as described in sect