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Stimulus for Property Owners

January 4, 2021

Among the provisions of the recently-passed stimulus package benefiting real estate: $25 billion in rental assistance to states and clarification that business owners can deduct business expenses on their federal tax returns that were paid using a forgivable Paycheck Protection Program (PPP) loan. The National Association of REALTORS® (NAR) and other industry groups argued that […]

Filed Under: CVAR Connect, Government Affairs, Industry News Tagged With: #CVARmembers, Congress, COVID, NAR, PPP, Stimulus

Stimulus Vote – Updated

December 21, 2020

President Donald Trump signed the coronavirus relief bill on Sunday, Dec. 27, which includes a $900 billion relief package and averts the government shutdown that would have started Tuesday. Because pandemic relief programs lapsed on Saturday, some of the more than 12 million Americans who rely on them may experience a blip in aid. The […]

Filed Under: CVAR Connect, Government Affairs Tagged With: CARES Act, Congress, Paycheck Protection Program, PPP, PUC, Stimulus, Tax break

What It Means: President Signs Paycheck Protection Extension

June 15, 2020

President Trump has signed the Paycheck Protection Flexibility Act into law, extending the amount of time Paycheck Protection Program (PPP) loan recipients have to spend their funds from eight weeks to 24 weeks. It also lowers the portion of funds borrowers must spend on payroll costs to 60 percent, down from 75 percent in order […]

Filed Under: CVAR Connect, Government Affairs Tagged With: #CitrusValleyrealtors, #CVARmembers, CARES Act, cvarconnect, NFIB, Paycheck Protection, PPP, Small Business Association, Trump

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