Key Tax Provisions of COVID Relief Bill
Burr Forman
DECEMBER 23, 2020
Congress passed the Consolidated Appropriations Act, 2021 (the Act) on December 21, 2020. Extended the repayment deadline for payroll taxes deferred pursuant to Presidential Memorandum from April 31, 2021 to December 31, 2021. Renews and sets the New Markets Tax Credit national limits at $5 billion for 2021-2025.
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