On January 29, 2021, Governor Gavin Newsom signed SB91/TENANT RELIEF ACT to extend the eviction moratorium created by the COVID-19 Tenant Relief Act (AB 3088, 2020) for another five months until June 30, 2021, and creates a state government structure to pay up to 80 percent of past due rent to landlords. (Read the Governor’s press release
STATE AID FOR BUSINESSES, INDIVIDUALS AND FAMILIES
Immediate Action Agreement
- The agreement conforms California tax law to new federal tax treatment for loans provided through the Paycheck Protection Plan, allowing companies to deduct up to $150,000 in expenses covered by the PPP loan. All businesses that took out loans of $150,000 or less would be able to maximize their deduction for state purposes. Larger firms that took out higher loans would still be subject to the same ceiling of $150,000 in deductibility.
- The agreement provides up to 25K for small businesses. (Details are still forthcoming).
- For those earning less than 30K a year a $600 stimulus check will be given after 2020 taxes have been filed.
- A $600 one-time payment will be given to taxpayers with Individual Tax Identification Numbers (ITINs) who were precluded from receiving the $1,200 per person federal payments issues last spring and the more recent $600 federal payments. The agreement would provide the $600 payments to households with ITINs and income below $75,000.
- A $600 one-time grant will be given to households enrolled in the CalWORKS program and recipients of SSI/SSP and Cash Assistance Program for Immigrants (CAPI).
- The agreement provides for two years of fee license fee relief for those seeking renewal through the state’s Department of Alcoholic Beverage Control.
- The agreement also reflects fee relief for individuals and businesses (barbering and cosmetology) licensed through the Department of Consumer Affairs.
- The agreement will provide stipends of $525 per enrolled child for all state-subsidized child care and preschool providers. The new federal resources will extend care for children of essential workers through June of 2022, and funds increased access to subsidized child care-who are not currently served in the system – through June of 2022.
Our firm has expanded! After over two decades of successful advocacy for clients throughout Santa Barbara County and across California, 2021 ushers in the expansion and reformation of the Law Offices of John J. Thyne III into Thyne Taylor Fox Howard, LLP. We are excited to bring together a dynamic group of experienced and well known