THIS WEEK, SENATOR BRAUN released more COVID-19 Hoosier Resource Guides providing information on the federal government’s response to the coronavirus and what resources are available to Hoosiers affected by it.
Visit Senator Braun’s Coronavirus Assistance page for updates and new additions to Senator Braun’s COVID-19 Hoosier Resource Guides.
Hoosiers needing assistance regarding COVID-19Â should email:Â CoronavirusHelp@braun.senate.gov
“My staff and I are here to help Hoosiers, and the following resource guides will help small-business owners, non-profit organizations, veterans, students, and employees across the state navigate the federal response to the coronavirus. Again, it’s very important for Hoosiers to wash their hands, limit their time in public, help their neighbors, and together we will defeat the coronavirus.” – Senator Mike Braun
- The resources contained within this document are a culmination of state and federal efforts to combat the economic crisis created by the public health battle being waged against the novel coronavirus. For help on any issues related to COVID-19 please contact my office using CoronavirusHelp@braun.senate.gov.
Coronavirus Aid, Relief, and Economic Security (CARES) Act: Support for Non-Profit Organizations
- The CARES Act provides non-profit organizations assistance during the COVID-19 pandemic primarily in two ways: provides support to certain nonprofit employers, and incentivizes charitable contributions.
Coronavirus Aid, Relief, and Economic Security (CARES) Act: About The Paycheck Protection Program
- The CARES Act creates a Paycheck Protection Program for small employers, self-employed individuals, and “gig economy†workers, appropriating nearly $350 billion to mitigate challenges caused by the COVID-19 pandemic.
Coronavirus Aid, Relief, and Economic Security (CARES) Act:Â Defense-Related Provisions
- The CARES Act includes $10.5 billion for the Department of Defense to support the military’s response to the Coronavirus and ensure we protect our forces during this vulnerable time in our history. Notable appropriations are listed below.
- Who is eligible for a recovery rebate? All U.S. residents with adjusted gross income under $75,000 ($112,500 for head of household and $150,000 married), who are not the dependent of another taxpayer and have a work-eligible Social Security Number, are eligible for the full $1,200 ($2,400 married) rebate. They are also eligible for an additional $500 per child. A typical family of four is eligible for a $3,400 recovery rebate.
Coronavirus Aid, Relief, and Economic Security (CARES) Act:Â Education-Related Provisions
- Stipulates that borrowers will not accumulate interest on student loans for three months, and do not have to make payments on those loans.
- Coronavirus Preparedness and Response Supplemental Appropriations Act (Phase 1): On March 6, 2020, President Trump signed into law an $8.3 billion in emergency funding to combat COVID-19. The package provides critical funding to the Centers for Disease Control (CDC) in response to COVID-19, as well as funding to: help develop vaccines and treatments for COVID-19, enable the Strategic National Stockpile (SNS) to procure personal protective equipment (PPE), ventilators, and other medical supplies; and give states the boost in the resources needed to combat the virus.
Coronavirus Aid, Relief, and Economic Security (CARES) Act:Â Provisions related to Veterans
- The Department of Veterans’ Affairs (VA) is receiving $19.6 Billion through the Cares Act. The VA serves as a backup health system in times of crisis—often referred to as the VA’s 4th mission. These funds will help ensure continuity of service to our Veterans, including homeless and low income Veterans, and prepare for the possibility of being activated for 4th mission.
Coronavirus Aid, Relief, and Economic Security (CARES) Act: Provisions related to Agriculture
- The CARES Act provides a number of food- and agriculture-related benefits, including increased funding for U.S. Department of Agriculture (USDA) administered nutrition programs and increased flexibilities for State administration of such programs.
Coronavirus Aid, Relief, and Economic Security (CARES) Act:Â Employee Retention Credit FAQ
- Any employer, regardless of size, is eligible for the credit during calendar year 2020 if the business: (1) is fully or partially suspended due to a governmental order related to COVID-19, or (2) experiences a significant decline in gross receipts (i.e., a reduction of 50 percent of gross receipts from the same quarter in 2019). The credit also applies to tax-exempt organizations if the operation of the organization is fully or partially suspended due to the circumstances described in (1) above. The credit generally does not apply to governmental employers, including the U.S. Government, state and local governments, or any agency of the foregoing.
Coronavirus Aid, Relief, and Economic Security (CARES) Act:Â Housing Resources
- For 120 days, CARES Act prohibits certain landlords from making eviction filings, or charging fees, penalties, or other charges to the tenant related to nonpayment of rent. This restriction only applies to properties insured, guaranteed, supplemented, protected, or assisted in any way by the U.S. Department on Housing and Urban Development (HUD), Fannie Mae, Freddie Mac, the rural housing voucher program, or the Violence Against Women Act of 1994. This provision does not apply to housing units that are owned outright or privately financed.
- This new law has a simple goal: stop the spread of the virus by giving workers and employers the support needed. The law provides paid sick leave and paid family leave to address work and employment interruptions related to the COVID-19 coronavirus. Both benefits are funded dollar-for-dollar for employers through a refundable tax credit program administered by the Internal Revenue Service.
- Families First provides paid sick leave and paid family leave to address work and employment interruptions related to the COVID-19 coronavirus.
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