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Government & Legislation
Congress, state governments, and local municipalities are all acting quickly and issuing new orders to combat the spread of the novel coronavirus and to limit the economic fallout from those actions. From liquor buybacks to small business administration loans, KJK’s attorneys are summarizing all major government actions and their impact on businesses and individuals.
Business Interruption Claims: Restaurant, Hospitality & Others
By Jim Sammon, Brett Krantz & Alexis Preskar While the politicians in D.C. continue to argue over the size and timing of the next round of stimulus, American businesses are bracing for the continued onslaught of the COVID-19 pandemic and the potential changes that...
IRS Doubles Down on Taxing PPP Loans
By Demetrius Robinson & Jennifer Hart The US Treasury Department and the Internal Revenue Service (IRS) released new guidance late Wednesday related to the tax treatment of expenses paid with Paycheck Protection Program (PPP) loans. Specifically, Revenue Ruling...
Ohio Lawmakers Consider Reducing Small Business Tax Deduction Amid Budget Shortfalls
By Stephanie Mercado Due to the COVID-19 pandemic, Ohio's estimated state budget will have a $2 billion shortfall for the current fiscal year, according to House Majority Floor Leader Bill Seitz. Seitz suggested dipping into Ohio's $2.7 billion rainy-day fund and...
Tax Policy Overview: Trump v. Biden
By Samir Dahman Tax policies are always a hot topic in presidential elections. Below, we provide side-by-side comparisons of where the presidential candidates stand on income (corporate and individual) and estate taxes. In short, President Trump’s plan seems to be to...
What Will Post-Election Stimulus Look Like?
By Scott Norcross & Paige Rabatin There’s no need for suspense; a new federal stimulus package will not be passed before the November 3rd election. That became clear once the announcement was made that the Senate will be recessed until November 9th. However, the...
DeWine Requests $5 Billion From BWC for Employers
By Rob Gilmore & Alexis Preskar Ohio Governor Mike DeWine has requested the Bureau of Worker’s Compensation send employers an additional $5 billion in dividends to mitigate losses due to the ongoing pandemic. This is the third major dividend request the Governor...
Gov. DeWine Announces COVID-19 Relief for Small Businesses, Individuals
By Stephanie Mercado With a year-end deadline looming to spend Coronavirus Aid, Relief and Economic Security (CARES) Act funding provided by the Department of Treasury, Gov. Mike DeWine announced several new programs Friday aimed at helping Ohio residents and...
CDC Issues New Definition of “Close Contact” to COVID-19: Key Take-Aways for Employers
By Alan Rauss & Janet Stewart On Oct. 21, 2020, the Center for Disease Control (CDC) released a new definition for the term “close contact” as it relates to contact with a person infected with COVID-19 and the resulting quarantine period. Notably, the new...
SBA Issues Guidance for Changes of Ownership of PPP Borrowers
By Kevin O'Connor & Jennifer Hart The Small Business Administration (SBA) recently released a Procedural Notice concerning changes of ownership for Paycheck Protection Program (PPP) loan borrowers (the “Notice”). Since the first days of the PPP loan program,...
MI Supreme Court: Governor’s Executive Power re: COVID Expired in April
By Samir Dahman Last Friday, the Michigan Supreme Court voted 4-3, along partisan lines, that Democratic Governor Gretchen Whitmer’s executive orders in response to the COVID-19 pandemic are effectively invalid. You can read the full 107 page opinion here. Summary The...
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If you have specific questions about any of the information in our articles, please reach out directly to the author or contact the Chair of the Government & Legislation Response Team, Kate Hickner.
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