Tax,
Labor/Employment
Jun. 15, 2020
Congress just made major changes to PPP program
Easing the restrictions of the Coronavirus Aid, Relief, and Economic Security Act’s Payment Protection Program program, on June 3, the Senate passed H.R. 7010, the Paycheck Protection Program Flexibility Act of 2020, which had passed the House in late May.
Phil Jelsma
Partner and Chair of the Tax Practice Team
Crosbie Gliner Schiffman Southard & Swanson LLC (CGS3)
Email: pjelsma@cgs3.com
Phil is chair of the tax practice team at CGS3. He is recognized as a leading joint venture and tax attorney, with a 30-year background in real estate exchange transactions, syndications, nonprofit corporations and international tax planning.
Easing the restrictions of the Coronavirus Aid, Relief, and Economic Security Act's Payment Protection Program program, on June 3, the Senate passed H.R. 7010, the Paycheck Protection Program Flexibility Act of 2020, which had passed the House in late May. The act makes changes in both the time periods under the original PPP program -- which was designed to fuel rehiring following COVID-19-induced shelter-at-home mandates -- and makes it easier for borrowers to obtain...
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