Tag: CARES Act
California Adopts CARES Act Federal Tax Conformity Measures
The Legislature passed and Governor Newsom signed two federal tax law conformity measures dealing with the CARES Act. AB 276by Assemblywoman Laura Friedman (D-Glendale), conforms state tax law to the federal CARES Act to increase the maximum loan amount permitted...
Project Roomkey To Wrap Up Hotel Stays For Homeless In California
This week, hotels across California began another wave of emptying rooms as ‘Project Roomkey‘, California’s $100 million project to secure temporary shelter for the homeless during the COVID-19 pandemic, plans its wrap up. An end to Project Roomkey The Project...
Bill That Removes Loan Penalties From Retirement Plans Signed By Gov. Newsom
During the weekend, Governor Gavin Newsom signed a bill that would align a part of state tax law to the Coronavirus Aid, Relief, and Economic Security (CARES) Act, removing all penalties from loans off of employer-sponsored retirement plans. Assembly Bill...
Gov. Newsom Signs Three Small Business Related Bills
On Wednesday, Governor Gavin Newsom signed 3 bills into law aimed at assisting small businesses and construction in California. Three bills signed by Gov. Newsom Senate Bill 1447, authored by Senator Steven Bradford (D-Gardena), was the first bill signed on...
EDD To Send Out Additional $900 For Most Unemployed Californians
On Monday, the Employment Development Department (EDD) began sending the additional $900 in federal unemployment funds to Californians who lost their job due to the COVID-19 pandemic. The funding, $300 per week for three weeks for those that had received...
CA Auditor Warns 18 State Agencies ‘High Risk’ for Waste, Fraud, Abuse of Federal COVID Funds
California’s non-partisan State Auditor, Elaine Howle, warned Governor Gavin Newsom this week that she has very serious concerns about 18 state agencies responsible for doling out $17 billion in federal COVID-19 relief funds. These 18 departments have officially been added...