04/02/20
On Friday, March 27, the third bill to address the unprecedented economic upheaval caused by the coronavirus pandemic was signed into law. Quarles & Brady is providing these summaries of this broad, new law and the available assistance. For support or further information on accessing these new programs, please contact one of the attorneys listed in the appropriate category.
Businesses Over 500 Employees
Stabilization and Assistance to Severely Distressed Sectors
Businesses Under 500 Employees
SBA Administered Paycheck Protection Program
Cautionary Notes on Loans Available to Small Businesses
"Paycheck Protection" Loan Program
Tax Exempt Organizations
Impact on Charitable Organizations
Labor & Employment
Employee Leave Unemployment and Payroll Tax Credits
Hospitals
Individuals
Individual Tax Relief under CARES Act
Taxes
Business Tax Provisions of the CARES Act
Public Finance
Summary for Public Finance Professionals
Real Estate
Impact on Commercial Real Estate
Impact on Commercial Real Estate Part 2
Treasury Issues Guidelines for Tribes to Spend Title V Funding