CARES Act Summary by CCH
As most readers are aware, Congress has worked for days on significant legislation in response to COVID-19 – this, on the heels of last week’s Families First legislation. Last night the Senate passed the so-called CARES Act, which the president plans to sign and the House is expected to vote on tomorrow. BNN has for many years partnered with Commerce Clearing House (CCH) for tax return preparation software and industry news, and with their permission (and our thanks), we would like to share their summary of the 800+ page CARES Act in its current state. In the days to follow, once it (hopefully) is signed into law, BNN authors will elaborate on the Act further for our clients and readers.
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Disclaimer of Liability: This publication is intended to provide general information to our clients and friends. It does not constitute accounting, tax, investment, or legal advice; nor is it intended to convey a thorough treatment of the subject matter.