Government
Apr. 8, 2021
Stimulus bill gives music, entertainment and museum facilities a boost
Music venues, motion picture theaters and museums decimated by COVID-19 restrictions received a boost last month when the American Rescue Plan Act of 2021 was signed into law by President Joe Biden.
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.
Music venues, motion picture theaters and museums decimated by COVID-19 restrictions received a boost last month when the American Rescue Plan Act of 2021 was signed into law by President Joe Biden. The new aid package includes $1.2 billion for closed museum and entertainment venues, with funds available through Dec. 31, 2021. Following is a brief summary of the new grant program, which is in addition to the Paycheck Protection Program created by Congress last March.<...
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