Coronavirus Aid, Relief & Economic Security Act (CARES Act) Q&A
On March 27, 2020, President Trump signed the Coronavirus Aid, Relief, and Economic Security Act (the CARES Act) into law. The CARES Act has been enacted as a direct response to the COVID-19 pandemic and is intended to provide immediate and ongoing economic relief to individuals and businesses affected by the crisis.
This new legislation is comprehensive and complex in nature. We are working overtime to get as much information and understanding of the process involved so that we can pass this information along to you. The following Q&A covers key questions you may have about the legislation. This material has been provided for general informational purposes only and does not constitute either tax or legal advice. For additional or more in-depth assistance in this process we recommend you consult a tax preparer, professional tax advisor, or lawyer.
Please click on the document below to view the CARES Act Q&A. We will continue to keep you updated as information becomes available.
Please stay safe.
In Unity,
The Local 77 Executive Board
