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Bill seeks to give more NC tax breaks on COVID-19 loans GARY D. ROBERTSON, Associated Press April 15, 2021 FacebookTwitterEmail RALEIGH, N.C. (AP) The state House on Thursday overwhelmingly backed legislation that would give additional state tax breaks to businesses that took federal loans to weather the COVID-19 pandemic. But the Senate isn t yet fully on board with the idea, which comes with a hefty price tag. Supporters of the House measure, including Republican Speaker Tim Moore and top Democrats, held a news conference before the initial floor vote on the measure related to Payroll Protection Program loans. They said restaurants, fitness centers and other businesses trying to emerge from eased lockdown restrictions don t need an extra tax burden currently required as the May 17 filing date for many approaches. The PPP money was designed primarily to keep workers at shuttered or scaled back firms employed and paid.

North carolinaUnited statesJason smithPhil bergerDavid willisUs small business administrationUnion county republicanGeneral assemblyHouse republicansவடக்கு கரோலினாஒன்றுபட்டது மாநிலங்களில்ஜேசன் ஸ்மித்பில் பெர்கர்டேவிட் வில்லிஸ்தொழிற்சங்கம் கவுண்டி குடியரசுஜநரல் சட்டசபை