“President Joe Biden signed the $1.9-trillion coronavirus relief package into law,” reports Mark Hrywna in Wednesday’s (3/10) Nonprofit Times. “The legislation includes billions for nonprofits and public service … The American Rescue Plan Act (H.R. 1319) passed the House on Feb. 27 … The third federal relief package since the pandemic was declared a year ago, the American Rescue Plan Act includes billions in support for state and local governments and expanded eligibility for the Payroll Protection Program (PPP)…. The bill extends to Sept. 6 the subsidy for costs incurred by employers, including nonprofits, that provide unemployment benefits on a reimbursable basis versus tax contributions…. The Employee Retention Tax Credit would be extended through the end of the year…. The December stimulus added 501(c)(6) associations as PPP eligible. This latest stimulus would make charities eligible if they employ up to 500 people per physical location and adds another $7.25 billion in funding, bringing the total available to $813 billion. The Small Business Administration’s Shuttered Venue Operators Grant (SVOG) program—a.k.a., the #SaveOurStages campaign—would get an additional $1.25 billion, including $500,000 set aside for technical assistance to help entities apply for grants.” Read League of American Orchestras resources explaining the impact of the plan on orchestras here.
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