Paycheck Protection Program Changes from Biden Administration
February 23, 2021

Paycheck Protection Program Changes from Biden Administration

  Please see the National Retail Federation’s announcement below on changes made by the Biden Administration to the Paycheck Protection Program, including  a 14-day period, starting February 24th, during which only businesses with fewer than 20 employees can apply for relief through the program: Yesterday, President Biden announced several reforms to the Paycheck Protection Program as a means to help the smallest businesses and those that have been left behind in previous relief efforts. The changes include: Institute a 14-day period, starting Wednesday, during which only businesses with fewer than 20 employees can apply for relief through the Program. Help sole proprietors, independent contractors, and self-employed individuals receive more financial support. Eliminate an exclusionary restriction that prevents small business owners with prior non-fraud felony convictions from obtaining relief through the Paycheck Protection Program. Eliminate an exclusionary restriction that prevents small business owners who are delinquent on their federal student loans from obtaining relief through the Paycheck Protection Program. Ensure access for non-citizen small business owners who are lawful U.S. residents by clarifying that they may use Individual Taxpayer Identification Numbers (ITINs) to apply for relief.   Resource Links: Fact Sheet: Biden Administration Announces Changes to PPP Biden-Harris Administration Increases Lending to Small…
VRF Retail Advocate -  February 16, 2021
February 16, 2021

VRF Retail Advocate - February 16, 2021

The first full week following Crossover has seen several bills acted on already. Below are the bills that have been acted on since our Crossover Report last week.   Tax Conformity   SB 1146 - Howell - Income tax, state; conformity with the Internal Revenue Code (Reported from House Finance Committee with a Substitute (conformed to House version) 13-Y 9-N) Advances Virginia’s date of conformity with the Internal Revenue Code from December 31, 2019, to December 31, 2020. The bill adds exceptions to such conformity for suspension of the overall limitation on itemized deductions and the reduction in the medical expense deduction floor for taxable year 2017 and taxable years on and after January 1, 2019, and for the provisions of the federal Coronavirus Aid, Relief, and Economic Security Act (CARES Act) related to the net operating loss limitation and carryback, a loss limitation applicable to taxpayers other than corporations, and the limitation on business interest. The bill contains an emergency clause.   Employer Mandates   HB 1848 - Sickles - Virginia Human Rights Acts; adds discrimination on the basis of disability. (Passed the Senate 39-Y 0-N) Adds discrimination on the basis of disability as an unlawful employment practice under the Virginia Human Rights Act. The…
About Virginia Retail Federation
December 08, 2020

About Virginia Retail Federation

VRF is stronger with your voice as a part of it. Join today to participate in the legislative process through a baseline, free membership level geared at activating your voice in policy decisions. At no cost, you will get access to decoded bill information, our engagement platform that connects you directly with your representatives, and legislative updates that keep you informed throughout the General Assembly and beyond.  Join the Cause

 

The Virginia Retail Federation is a statewide organization advocating on behalf of retailers at the Federal, State and local levels. VRF is stronger with your voice as a part of it.

 

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Latest News & Updates

February 23, 2021

Paycheck Protection Program Changes from Biden Administration

in News

  Please see the National Retail Federation’s announcement below on changes made by the Biden…
February 16, 2021

VRF Retail Advocate - February 16, 2021

The first full week following Crossover has seen several bills acted on already. Below are…
February 15, 2021

WEBINAR: How the PRO Act Impacts Retail

Presented by National Retail Federation February 23   I  2pm   REGISTER NOW The National Retail Federation is…
February 08, 2021

Crossover Report 2021

We have reached the point of Crossover in the 2021 General Assembly Session. This year…
January 26, 2021

Retail Advocate - January 26, 2021

General Assembly 2021 We just wrapped up the second full week of the 2021 General…
January 19, 2021

Retail Advocate - January 19, 2021

General Assembly 2021 We wrapped up the first week of the 2021 General Assembly Session,…

 

 

 

 

We Stand For

December 07, 2020

PRO-BUSINESS LEGISLATION

by Megan Way

VRF’s legislative policy guides our positions on issues at the General Assembly and is centered around a pro-business approach. You will see that the majority of the bills in this report are opposed by the VRF, which is typical for every year at the General Assembly. 

 

 

 

 

 

 

 

 

 

We Fight Against

December 07, 2020

industry-specific taxes

by Megan Way

December 07, 2020

reporting requirements for business

by Megan Way

December 07, 2020

mandates on business

by Megan Way

December 07, 2020

Opening employers up to a private cause of action

by Megan Way

 

 

 

 

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