Light Rain
53.1 ° F
Full Weather
Sponsored By:

Borgeas Calling For COVID-19 Relief To Be Tax Free

Sponsored by:

Sacramento, CA — Mother Lode Republican Senator Andreas Borgeas says he is hoping that businesses and non-profits which receive COVID-19 grants or loans will not be hit with a big tax bill.

Currently, grants provided by the state’s COVID-19 small business relief grant program are considered taxable income. Borgeas has introduced Senate Bill 265 which would make grants for businesses and non-profits impacted by COVID-19 non-taxable.

“People, businesses and entities that have received assistance during the pandemic should not be penalized by the state,” said Senator Borgeas. “SB 265 would assist struggling businesses that received COVID-19 relief funds by assuring that these grants and/or forgivable loans are tax-free.”

It is a provision to his earlier Senate Bill 74, entitled the “Keep California Working Act.” That piece of legislation would allocate an additional $2.6-billion of surplus budget revenue as grants to businesses impacted by the pandemic.

where to buy viagra buy generic 100mg viagra online
where to buy viagra buy generic 100mg viagra online
Feedback