President Trump today, March 27, 2020, signed H.R. 748, the “Coronavirus Aid, Relief, and Economic Security Act” (CARES Act)—a bill that includes numerous tax provisions. The House of Representatives earlier today passed the bill by voice vote.
The U.S. Senate passed the bill on March 25, 2020. The House passed the bill on March 27, 2020.
President Trump signed the legislation on March 27, 2020 (the date of enactment).
As noted above, the CARES Act legislation includes a number of tax provisions relevant to individuals and businesses. Read KPMG report: Tax provisions in the CARES Act (COVID-19 “phase 3” response): Analysis and observations [PDF 3.1 MB] that describes in more detail significant tax provisions in the CARES Act and provides KPMG’s initial observations where relevant.
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