STIMULUS 2.0: The Consolidated Appropriations Act 2021 – Key Provisions for Employers

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December 22, 2020
Rebecca Dobbs Bush
SmithAmundsen Labor & Employment Alert
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While it has not yet been fully passed and enacted into law, the full text of the Consolidated Appropriations Act, 2021 was released days ago and announced as having bipartisan support. Within the over 5,500-page Act, are several provisions designed to assist smaller businesses and those hardest hit by the economic challenges presented by the COVID-19 pandemic. As is common with legislation, the Act essentially presents only an outline of Congress’ intent and leaves relevant agencies to fill in the details of that outline. Pursuant to mandates in the Act, most agencies, such as the IRS, are directed to publish clarification within weeks of enactment.

While we await further guidance and clarification, the below list highlights those provisions, not specific to particular industries, that businesses should be aware of:

Be assured that we will be providing more insight as more developments unfold to our contacts and clients in the days and weeks to come.