close
Share with your friends

President signs CARES Act “phase 3” COVID-19 bill, following House passage

CARES Act “phase 3” COVID-19 bill is enacted

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.

1000

Related content

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.  

The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us

 

Want to do business with KPMG?

 

loading image Request for proposal