Tax,
Labor/Employment
Jun. 5, 2020
House bill would extend Paycheck Protection Program to cover 24 weeks
The House has passed a bill to expand Payment Protection Program, or PPP, loans in key ways. The Senate has its own version under consideration. This bill is not yet law, but it the Senate acts favorably and the president signs it, it would make key improvements.
Robert W. Wood
Managing Partner
Wood LLP
333 Sacramento St
San Francisco , California 94111-3601
Phone: (415) 834-0113
Fax: (415) 789-4540
Email: wood@WoodLLP.com
Univ of Chicago Law School
Wood is a tax lawyer at Wood LLP, and often advises lawyers and litigants about tax issues.
The House has passed a bill to expand Payment Protection Program, or PPP, loans in key ways. The Senate has its own version under consideration. This bill is not yet law, but it the Senate acts favorably and the president signs it, it would make key improvements.
The Paycheck Protection Program allows loans of up to $10 million at 1% interest to employers with fewer than 500 workers to cover two months of payroll and overhead. If you...
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