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Home » State Government Funds in New COVID-Relief Law Prohibits Tax Cuts
Tax

State Government Funds in New COVID-Relief Law Prohibits Tax Cuts

AGC Concerned About Impact on PPP Loan Forgiveness State Tax Treatment & More
March 18, 2021Updated:July 24, 2024No Comments2 Mins Read
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The $1.9 trillion American Rescue Plan Act provides $219.8 billion to state and territorial governments to mitigate the fiscal effects stemming from the pandemic. Included at the last minute, however, is a clause that prohibits any state or territory receiving the aid “to either directly or indirectly offset a reduction...

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Building Federal/Heavy Highway Infrastructure PPP Loan Forgiveness Utility
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Latest News

AGC Tech Conference: Measuring A.I.’s Impact

May 30, 2025

Trump Administration Pauses Enforcement on Portions of the Mental Health Parity Rules

May 29, 2025

AGC Supports the Rollback of Beneficial Reporting Requirements under the Corporate Transparency Act; Urges President Trump to go further.

May 29, 2025

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