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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

Trust, Then Speed

May 8, 2026

Construction Employment Rises By 9,000 In April As Nonresidential Hiring Offsets Residential Declines And Average Hourly Pay Rises To $38.73

May 8, 2026

How AGC Protects Construction in the Courts

May 7, 2026

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