CARES Act Information

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

Impact on Retirement Plans

Employee Leave Unemployment and Payroll Tax Credits

Impact on Health Plans

Hospitals

Key Health Care Provisions

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

Indian Gaming and COVID-19

Tribal Governments

Treasury Issues Guidelines for Tribes to Spend Title V Funding

Treasury Begins Distributing Title V Funds to Tribes

Treasury Provides Updated Guidance for Title V Funding