Los Angeles Times: Lawmakers give California businesses tax break on forgiven PPP loans to boost COVID-19 recovery

URL: 

https://www.latimes.com/california/story/2021-04-26/california-lawmakers-business-tax-break-forgiven-ppp-loans

Body: 

“With California supposedly enjoying a budget ‘surplus,’ it makes no sense to penalize small businesses for accepting federal assistance — especially since the feds have made such assistance fully tax deductible,” Bates said.

Published Date: 

April 27, 2021