Borgeas Calling For COVID-19 Relief To Be Tax Free ...Middle East

Sacramento, CA — Mother Lode Republican Senator Andreas Borgeas says he is hoping that businesses and non-profits which receive COVID-19 grants or loans will not be hit with a big tax bill. Currently, grants provided by the state’s COVID-19 small business relief grant program are considered taxable income. Borgeas has introduced Senate Bill 265 which would make grants for businesses and non-profits impacted by COVID-19 non-taxable. “People, businesses and entities that have received assistance during the pandemic should not be penalized by the state,” said Senator Borgeas. “SB 265 would assist struggling businesses that received COVID-19 relief funds by assuring that these grants and/or forg

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