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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

Chapter Highlight: AGC Wisconsin Launches New Construction Leadership Forum 

June 20, 2025

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June 18, 2025

Senate Reveals Tax Priorities in Reconciliation Package

June 18, 2025

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