LINKS & INFORMATION

​Helping Hospitality

• The Above and Beyond Foundation will start issuing $500 grants to former front-line hotel workers this week. 

Property Tax Extension

• Department of Revenue Extends Property Tax Payment Due Date from March 31 to April 15
• Department of Revenue Extends March Sales Tax Due Dates for Adversely Affected Taxpayers

Additional

• American for the Arts Economic Impact survey designed to collect information about the financial and human impacts that COVID-19 has had on arts and cultural organizations.
• Americans for the Arts COVID-19 Resource and Response Center
• Gov. DeSantis cleared the way for elected officials to hold meetings electronically with an executive order addressing quorum for elected officials being in the same room.
• Here’s what’s in the Families First Coronavirus Response Act, including free testing, paid sick leave, unemployment aid and more.
• The U.S. Small Business Administration is offering Economic Injury Disaster Loans for Pinellas small businesses. The low-interest loans will offer up to $2 million in assistance per small business to help overcome the temporary loss of revenue. This is an addition to the Florida Small Business Emergency Bridge Loan Program.
• Visit Tampa Bay has produced a list of local businesses that offer takeout, curbside pickup, or gift cards to help with current revenue while people practice social distancing.

Congressional Bill Breakdown

$377 billion in loans and loan forgiveness for small travel businesses: 

• The bill provides small travel businesses (500 employees or less), self-employed individuals, and 501(c)(3) nonprofits with expedited Small Business Administration (SBA) loans made available quickly through local community banks.

$454 billion in federally backed financial assistance for impacted businesses: 

• The bill provides assistance to impacted travel businesses and governmental entities through secured loans, loan guarantees and other financial measures to keep workers employed and stay afloat through the worst months of this crisis.

SBA Express Loans:

• For any small businesses, including small tour operators, hotels, attractions, meetings and events, wineries, and more. This bill Increases the maximum loan amount for an SBA Express loan from $350,000 to $1 million. These loans currently have a much faster approval process through SBA.

SBA Interruption Loans:

• Waives collateral requirements and loan fees and defers repayment for at least 6-months. Recipients are eligible for tax-free loan forgiveness for a portion of the loan used cover payroll, rent or mortgage interest, and utilities for the 8-week period after the loan is originated.

Business Tax Relief:

• Eligibility: For any business of any size, sports league, sports team, or DMO organized as a 501(c)(6) or 501(c)(3) organization, as applicable. Includes the Employee Retention Tax Credit,  Business Interest Expense Deduction, Qualified Improvement Property, and more.