News

Knight Talk: The New Federal Bill

Mar 27
2020

The new Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”)is on track to be signed by President Trump in the coming days. This is a comprehensive document with 850 pages of text that will provide some much needed relief for restaurants and their employees. Listen in as Emily Williams Knight, Ed.D., President and CEO of the Texas Restaurant Association as she goes live to review the high-level points of the Act, including:

  • Paycheck Protection Plan
  • Qualified Improvement Property (QIP)
  • Employee Retention Tax Credit
  • Community Development Block Grants (CDBG)
  • Modifications for Net Operating Losses (NOLs)
  • Delay of Payment of Employer Payroll Taxes
  • Additional Tax Relief
  • Taxpayer Protections
     

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