Winebusiness.com - Homepage for the Wine Industry

Here's what's in the new $900 billion stimulus package

December 21, 2020

The bill includes more than $284 billion for first and second forgivable Paycheck Protection Program (PPP) loans, expanded PPP eligibility for nonprofits and news outlets and modifications to the program to serve small businesses, nonprofits and independent restaurants. Businesses that received PPP loans and had them forgiven will also be allowed to deduct the costs covered by those loans on their federal tax returns.