California Republicans Request Governor Make COVID-19 Relief Business Loans Tax-Free ...Middle East

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Sacramento, CA…California State Senate Republicans support legislative efforts that would make state and federal COVID-19 relief dollars free from tax liability for businesses and allow them to fully deduct expenses paid for with forgiven loans. Senate Bill 265 introduced by Senator Andreas Borgeas (R-Fresno) would apply to both future pandemic-related relief funds as well as retroactively to recipients who have already received funds. With tax season approaching, there is concern among many businesses that the state of California is attempting to tax federal assistance and generate extra revenue. This, California Republicans argue, is fundamentally unfair and urge Governor Newsom to inclu

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Last updated : 26 February 2021 clock 04:01 AM

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California Republicans Request Governor Make COVID-19 Relief Business Loans Tax-Free ...Middle East

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