On March 25, 2020, the U.S. Senate passed its version of the $2 trillion Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”). The bill provides emergency assistance and health care response for individuals, families and businesses affected by the 2020 coronavirus pandemic, including certain tax reliefs and rebates. This Alert addresses certain tax provisions contained in the CARES Act, as it was approved by the Senate. The proposed legislation described herein is subject to change. The Alert can be found here.
Client Alert: Tax Relief in CARES Act
