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$2 Trillion Coronavirus Stimulus Bill Is Signed Into Law
Dozens of lawmakers rushed back to Washington to thwart a stall tactic from Representative Thomas Massie of Kentucky.
By By Emily Cochrane and Sheryl Gay Stolberg | March 27, 2020 | The New York Times
WASHINGTON — President Trump on Friday signed a sweeping $2 trillion measure to respond to the coronavirus pandemic, but not before a late objection from a lone rank-and-file Republican forced hundreds of lawmakers to rush back to the capital even as the virus continued to spread through their ranks. Read More.
The Cares Act Can Also Reduce Tax Liability For Real Estate Firms
The $2 trillion economic stimulus package passed last week can reduce current tax liabilities and provide cash to taxpayers with net operating loss carrybacks.
By Erika Morphy | March 27, 2020 | GlobeSt.com
WASHINGTON, DC—Last week Congress passed and President Trump signed the Coronavirus Aid, Relief, and Economic Security, or Cares, Act, releasing a $2 trillion stimulus on the US economy that is currently under siege from the coronavirus.
The main provisions of the Cares Act included $454 billion for TALF and other Federal Reserve lending facilities, 90 days of forbearance for multifamily owners with a federally-backed mortgage, temporary relief for banks from the CECL implementation and Troubled Debt Restructuring rules and $350 billion to small businesses. Read More.
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After $2 Trillion Stimulus, a Call for Another U.S. Rescue Fund
Fund would stem ‘unprecedented systemic, economic crisis’
Groups seeking help represent insurers, hotel owners, theaters
By Katherine Chiglinsky | March 31, 2020 | Bloomberg
The U.S. government is being urged by more than 30 industry groups to establish a recovery fund for businesses hurt by the spread of the coronavirus, less than a week after the enactment of a $2 trillion stimulus package.
The proposed fund, to be managed by a special administrator, would give relief to businesses to help them retain and rehire employees, maintain benefits, and keep up with expenses, according to a letter sent Tuesday to President Donald Trump, Treasury Secretary Steven Mnuchin and congressional leaders. It would augment the stimulus package, known as the CARES Act. Read More.
Common Areas Provides Essential Coronavirus Tools to Property Owners
The company has created industry-specific checklists based on CDC and OSHA guidelines for commercial and multifamily owners to use free of charge.By Kelsi Maree Borland | March 24, 2020 | GlobeSt.com
Common Areas has created essential checklists for property owners to use in response to the COVID-19 crisis. The company has created industry-specific checklists based on CDC and OSHA guidelines for commercial and multifamily owners to use free of charge. Common Areas is providing these tools in an effort to do its part to overcome the impact of the pandemic. In addition, the company has launched tools to streamline location management, work order management, and reporting capabilities. Read More.