Senate Paycheck Protection Program (PPP) Tax Relief, & more
Senate Paycheck Protection Program (PPP) Tax Relief
On Tuesday, SF263 (Bakk), a bill aimed to protect Minnesota business loan recipients, was expanded by the Senate Tax Committee to include a provision that would assist workers who received an extra $600 in unemployment aid during the pandemic; a provision that would carry a cost of $30 million to $50 million, according to Senate nonpartisan staff research. There is also discussion around adding a provision that would add money from federal aid to help school districts expand summer school for students who have fallen behind during the pandemic.