SC information letter #20-28
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Description:PDF fileMIME type:application/pdfFile Size:103.1Kb
Author
South Carolina Department of Revenue
Subject
South Carolina Department of Revenue--Periodicals; Government lending--Taxation--South Carolina; United States. Coronavirus Aid, Relief, and Economic Security Act
On March 27, 2020, Congress passed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) in response to the COVID-19 pandemic. As part of the relief provided, the Paycheck Protection Program (PPP) was established to provide loans to small businesses for the purpose of paying payroll costs (e.g., wages and benefits) and occupancy costs (e.g., mortgage interest, rent, and utilities) to keep the businesses operating and employees on the payroll. The loan can be forgiven, in whole or part, if the business meets or exceeds certain thresholds related to payroll and occupancy costs. Any portion of the PPP loan that is not forgiven must be repaid over two years at 1% interest.
Collections
Date
2020-11-02Metadata
Show full item recordDate Accessioned | 2021-01-11T17:33:43Z |
Date Available | 2021-01-11T17:33:43Z |
Item Format | application/pdf |
Media Type | Document |
Item Language | English |
Publisher | South Carolina State Library |
Digital Collection | South Carolina State Documents Depository |
Rights | Copyright status determined to be in the public domain on April 27, 2020 by United States Supreme Court ruling (Georgia et al., Petitioners v. Public.Resource.Org, Inc. : 590 U.S.__(2020)) |
Type | Text |
Digitization Specifications | South Carolina State Document was either saved from a document available publicly online in PDF format or converted to PDF using Adobe Acrobat DC. |