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After months of debate, Congress has passed, and President Trump is expected to sign, a COVID-19 relief, appropriations, and tax bill. Doubtlessly, the Bill, which is nearly 6,000 pages long, will undergo much scrutiny and analysis over the ensuing days and weeks.
But, judging from available legislative summaries, the following are key provisions of which employers should be aware.
Tax Provisions
Extension and Expansion of the Employee Retention Tax Credit (ERTC):
The Bill extends and expands, through July 1, 2021, the CARES Act’s refundable ERTC. The extension is aimed at helping to keep additional US workers on payroll and more small businesses and nonprofits across the country remain afloat. Specifically, the Bill, among other things:
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Published December 16. 2020 7:34PM
Mark Pazniokas and Keith M. Phaneuf, The Connecticut Mirror
With the restaurant industry desperate for help, Gov. Ned Lamont told a business audience Wednesday that his administration is planning at least another $25 million in COVID-19 aid for small businesses in addition to the $50 million in grants now being processed.
He spoke to the Middlesex Chamber of Commerce at a virtual luncheon an hour before House Republicans proposed their own $50 million grant program and other relief measures for restaurants and bars. Lamont told the chamber members he currently had no plans to further limit restaurants, whose indoor dining is restricted to 50% of capacity.
Cloe Poisson / CTMirror.org
With the restaurant industry desperate for help, Gov. Ned Lamont told a business audience Wednesday that his administration is planning at least $25 million more in COVID-19 aid for small businesses in addition to the $50 million in grants now being processed.
He spoke to the Middlesex Chamber of Commerce at a virtual luncheon an hour before House Republicans proposed their own $50 million grant program and other relief measures for restaurants and bars. Lamont told the chamber members he had no plans to further limit restaurants, whose indoor dining is restricted to 50 percent of capacity.
“I have no plans to close anything right now,” Lamont said.
Consensus building for COVID aid to restaurants
Cloe Poisson :: CTMirror.org
Last summer, Sammy Bajraktarevic, (right) owner of Luce Restaurant in Middletown, and server Alex Cirikovic measured a six-foot distance between tables as they set up a dining area in the restaurant’s parking lot beneath a tent in preparation to reopen for outdoor dining. Currently, indoor dining is limited to 50% of capacity and a six-foot distance between tables.
With the restaurant industry desperate for help, Gov. Ned Lamont told a business audience Wednesday that his administration is planning at least another $25 million in COVID-19 aid for small businesses in addition to the $50 million in grants now being processed.