COVID-19 U.S.: Summary of key business tax relief provisions under the CARES Act

Hogan Lovells

The CARES (Coronavirus Aid, Relief, and Economic Security) Act (Public Law No. 116-136) was signed into law on March 27, 2020 in an effort to provide financial help to beleaguered individuals, businesses, health care providers, and state and local governments and to sustain the economy which has plummeted during the COVID-19 outbreak. The legislation employs a mix of grant, loans, loan guarantees, and tax incentives seeking to address the economic problems from all directions. The tax relief provisions comprise a relatively short list of initiatives oriented toward improving the after-tax cash flow of businesses and encouraging them to retain their current workforces.

Please see full Publication below for more information.

LOADING PDF: If there are any problems, click here to download the file.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Hogan Lovells | Attorney Advertising

Written by:

Hogan Lovells

Hogan Lovells on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
Custom Email Digest
- hide
- hide