US RESOURCE: CARES ACT TAX PROVISIONS AIM TO STABILIZE PANDEMIC-RAVAGED ECONOMY

"The Coronavirus Aid, Relief, and Economic Security (CARES) Act, H.R. 748, which passed the Senate by a 96-0 vote late on Wednesday, contains a host of tax measures as part of a $2 trillion aid package designed to help the economy as it suffers from the effects of the coronavirus pandemic. While the focus of the legislation is not tax, a large number of tax provisions are included in the over-600-page bill. [Update: The House of Representatives passed the bill by a voice vote on Friday, March 27, and President Donald Trump signed it that afternoon.]"

Resource:

The Tax Advisor

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