Some Massachusetts employers still face major tax increases due to COVID-related unemployment claims
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Beacon Hill Roll Call
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What business owners should know about the Massachusetts COVID relief bill that offers help to PPP recipients
Updated Mar 11, 2021;
House lawmakers approved a COVID-19 relief bill that authorizes the governor to borrow money to stabilize the unemployment system and freezes the UI rate for Massachusetts business owners.
The bill authorizes the governor to borrow up to $7 billion to bring the unemployment insurance fund out of the red. At the end of December, the fund was more than $2 billion in the negative. The legislation also requires employers to offer paid leave to employees who test positive for COVID-19 or need time off to get vaccinated, as well as offer tax relief to unemployed workers whose income falls below 200% of the poverty line.