EIDL – California Globe

Bill To Allow Some Businesses To Deduct PPP Loan Assistance Passes in Assembly

April 27, 2021 11:07 am

The California Assembly unanimously passed a small business tax break bill on Monday that would have the state give up on over $1 billion a year in tax revenue over the next 6 years. Assembly Bill 80, authored by Assemblywoman...

Bill To Allow Some Businesses To Deduct PPP Loan Assistance Passes in Senate

April 20, 2021 2:37 amApril 19, 2021 5:59 pm

A bill that would give eligible businesses that received Paycheck Protection Program (PPP) loan assistance the power to deduct expenses on their taxes passed in the Senate on Monday over three months after it was first passed in the Assembly....