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Payroll Protection Act

Senate committee advances bill to make coronavirus relief checks, forgiven PPP loans nontaxable

Monday, the Alabama Senate Finance and Taxation Education Committee gave a favorable report to a bill that would make stimulus checks under the federal CARES Act to individuals as well as Payroll Protection Program (PPP) forgiven loans exempt from the Alabama State income tax. Senate Bill 250 is sponsored by Senator Dan Roberts (R-Mountain Brook). … Continued
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May 6, 2020

Ivey is grateful that the Payroll Protection Program is taking applications again

The Small Business Administration’s Payroll Protection Program resumed accepting loan applications Monday after Congress passed and the president signed legislation last week replenishing the funds in the PPP, which ran out of money on April 16. Alabama Gov. Kay Ivey urged Alabama small businesses to quickly take advantage of the program. “Alabama small businesses are … Continued
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April 28, 2020

Sewell, Byrne, and Palmer all vote for Coronavirus Relief bill

Thursday, the U.S. House of Representatives passed legislation to replenish the Payroll Protection Program and help hospitals and healthcare providers during this global COVID-19 pandemic. U.S. Reps. Terri Sewell (D-Selma), Bradley Byrne (R-Montrose), and Gary Palmer (R-Hoover) voted in favor of the House-passed Senate Amendment to H.R. 266, the Interim Emergency Coronavirus Relief Package, otherwise … Continued
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April 24, 2020

Rogers votes to replenish the Payroll Protection Act

Thursday, Congressman Mike Rogers, R-Saks, voted in favor of HR266, the Paycheck Protection Program and Health Care Enhancement Act. The House of Representatives passed the bipartisan bill which now goes to President Donald J. Trump (R) for his signature. “Today I voted for the Paycheck Protection Program and Health Care Enhancement Act,” Rep. Rogers said. … Continued
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April 24, 2020

Sewell announces new grants for airports

Thursday, U.S. Congresswoman Terri Sewell, D-Selma, announced today $21,549,052 in funding for airports throughout Alabama’s 7th Congressional District, as part of the funding allocated by the CARES Act. “While we must continue to prioritize health care and safety initiatives to prevent the spread of COVID-19, we must also do everything possible to mitigate the economic … Continued
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April 21, 2020

Palmer, Byrne criticize Pelosi for playing politics with Paycheck Protection Program

Thursday, the Treasury Department reported that the Small Business Administration’s Paycheck Protection Program (PPP) has now run out of money and no more loans are available for small businesses struggling to pay their bills to get through the forced economic shutdown to fight the coronavirus global pandemic. Congressman Gary Palmer, R-Hoover, released a statement condemning … Continued
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April 17, 2020