Virginia Delegate McNamara Pre-Files Legislation Exempting Forgiven PPP Loans from State Taxes

Delegate Joe McNamara (R-Roanoke) has pre-filed HB 1787, legislation for the 2021 General Assembly session that will exempt business owners from state taxes on forgivable Paycheck Protection Program (PPP) loans. PPP loans are part of broad COVID-19 relief funding meant to help small businesses keep paying their employees.

When the PPP was passed by Congress in March 2020, the forgivable loans were exempt from federal taxes, but Virginia’s tax structure means the forgiven PPP loans are not automatically exempt from state taxes. McNamara said that could lead to confusion for business owners.

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Senator Kelly Loeffler Compares Her Record, Including Passage of New PPP Funding, to Raphael Warnock’s Record

U.S. Senator Kelly Loeffler on Friday highlighted the stark contrasts between her record in the successful PPP program and other COVID-19 assistance in the Senate versus her opponent Rev. Raphael Warnock’s PPP record.

Loeffler pointed out the differences in a tweet.

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House Democrats Block Congressman Stauber’s Police Reform Bill Again

House Democrats blocked discussion of a police reform bill sponsored by Congressman Pete Stauber (R-MN-08). Democratic leaders argued that the more important issue at hand is the “postal crisis.”

Stauber criticized the focus of their session.

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Ohio Man Indicted in Massive PPP Fraud Case

An Ohio man is one of five being indicted in a $4 million Payroll Protection Program (PPP) fraud case.

The accused allegedly submitted, or assisted in the submission of a fraudulent PPP loan for five businesses according to the indictment. Khalil Gibran Green Sr. of Cleveland claimed to be the sole owner of Impact Creations LLC, a company that claimed to have 67 employees and an average monthly payroll of $332,000 on a PPP application.

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