A long-awaited stimulus package carrying a $1 trillion price tag has been unveiled by the Senate Republicans. The proposed legislation package dubbed the Health, Economic Assistance, Liability Protection and Schools (HEALS) Act would provide stimulus payments to individuals, additional Paycheck Protection Program (PPP) loans, small business tax incentives and credits for domestic production of vital products, among other things.
Doeren Mayhew has highlighted the main provisions of the proposed legislation.
With Congress set to recess on August 7, legislators have less than two weeks to negotiate the final package. Stay tuned for more information. In the meantime, if you have any questions related to COVID-19 relief measures and how they impact you and your business, contact Doeren Mayhew’s CPAs and advisors.
This publication is distributed for informational purposes only, with the understanding that Doeren Mayhew is not rendering legal, accounting, or other professional opinions on specific facts for matters, and, accordingly, assumes no liability whatsoever in connection with its use. Should the reader have any questions regarding any of the news articles, it is recommended that a Doeren Mayhew representative be contacted.
A quick registration is required to view our resources.
You will only be asked to do this one time (unless you don't save your browser cookies).