The COVID Relief Package: What do Equipment Dealers Need to Know?-The COVID Relief Package: What do Equipment Dealers Need to Know?

The COVID Relief Package: What do Equipment Dealers Need to Know?

Video Transcription

Video Summary

In this webinar on the COVID-19 Relief Package, the speakers discussed the infrastructure funding included in the year-end bill signed into law in December 2020. The funding includes money for the Highway Trust Fund, bridge rehabilitation and construction, Appalachian Highways, National Scenic Byways, and Puerto Rico Federal Lands, among others. The Airport Improvement Program received $3.35 billion in funding, and the Water Resources Development Act received a record amount of $7.8 billion. The Clean Water State Revolving Fund and the Drinking Water Revolving Fund received flat funding, and Rural Redevelopment Programs received about $3.9 billion. The webinar also touched on the Paycheck Protection Program (PPP), providing updates on the loan forgiveness process and deductions for expenses. The second round of PPP loans, or PPP 2.0, was discussed, including details on eligibility, loan amount calculation, and the forgiveness process. The Employee Retention Tax Credit (ERTC) was also covered, highlighting changes for 2021, such as expanded eligibility and increased credit amounts.

Keywords

COVID-19 Relief Package

infrastructure funding

Highway Trust Fund

bridge rehabilitation

Appalachian Highways

Airport Improvement Program

Water Resources Development Act

Paycheck Protection Program

Employee Retention Tax Credit