Tennessee Businesses Find Relief In COVID Tax Deductions

As Tennessee Prepares To Send Out An Additional $45 Million In Federal Coronavirus Relief To Small Businesses Before The End Of The Year, Those Businesses Should Know They Won’t Be Taxed On Any Relief That Comes As Part Of The State’s Supplemental Employer Recovery Grant (SERG) Program.

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Chunk Of Tennessee’s Remaining CARES Act Money Going To Small Businesses

Tennessee Is Set To Spend Nearly $45 Million Of Its Remaining Federal CARES Act Money On Additional COVID-19 Pandemic Relief For Small Businesses Before The Spending Deadline Hits This Year.

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American Rescue Plan Act To Provide States 116 Times Their Revenue Losses

Many State & Local Governments That Reported Budget Surpluses Last Year Will Still Receive Billions Of Dollars In Federal Aid. The $1.9 Trillion American Rescue Plan Act Brings Total Amount That Federal Government Has Provided During The Pandemic To $6 Trillion.

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Healthcare Interests, Restaurants Among COVID Relief Bill Winners

While Many Interest Groups Felt They Missed Out On Crucial Aid In Biden’s Relief Package, A Handful Of Industries Scored Huge Wins, Including Healthcare Industry Giants.

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Stimulus Bills Fulfill Political Wish Lists

When Biden Told The Senate He Intended To Move Forward On His Pandemic Relief Bill With No Input From Republicans, The Senate Approved His Inflated Budget Bill Without One GOP Vote. Democrats Blocked Republican Amendments To Stop A Federal Tax On Carbon, To Cut Aide To Schools Refusing To Reopen, To Cut Off Stimulus To Prison Inmates, Outlaw Court Packing, Reopen The Keystone Pipeline, And To Block Checks For Illegal Immigrants. And The GOP Was Unable To Cut Back The Outrageous Amount Of Money Gifted To Leftist Special Interests That Was Taken Directly From Private Businesses.

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House Democrats $1.9 Trillion Coronavirus Bill Waste of Taxpayer Money, Full Of Pork

The Democrats’ $1.9 Trillion Emergency Relief Bill – Which Is Up For Vote Friday – Includes A Slew Of Bailout Money For State Governments Unrelated To The Pandemic, Opponents Say.

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Tennessee Likely To Receive $2.6B More In Federal COVID-19 Education Relief

Tennessee Education Commissioner Penny Schwinn Told A Panel Of State Senators She Anticipates State Will Receive An Additional $2.3 to $2.6 Billion Dollars In Federal Education Funds In A Third Round Of Federal COVID-19 Relief.

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To Work, PPP Loans Must Be Fully Non-Taxable

Tax Headaches Have Started Early For American Small Business Owners This Tax Season. States Can Help These Employers & Accelerate Economic Recovery By Clarifying That Business Expenses Paid From The Paycheck Protection Plan Loans Are Fully Tax-Deductible, In-Line With Federal Law.

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Universities Distribute Additional HEERF II Funds To Eligible Students

On Jan 14, The U.S. Department Of Education Announced An Additional $21.2 Billion Is Available To Higher Education Institutions To Facilitate Learning During The Pandemic. UTC Received $9,513,779, Of Which $4,756,890 Was Available And Disbursed To Students Beginning Last Week.

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Hamilton County Schools Host Public Virtual Budget Meetings For 2021-22 School Year

Hamilton County Schools Is Hosting A Series Of Virtual Community Budget Meetings Throughout February With The Aim Of Granting Hamilton County Families, School Staff & Community Members The Opportunity To Share Feedback As The District Begins Crafting Their Proposed Budget For The 2021-2022 School Year.

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