Immigration Update During Pandemic: Visa Sanctions, Extensions of Nonimmigrant Status, and Visa Premium Processing
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State income tax deadlines have been extended to July 15 following the automatic federal extension.
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A Paycheck Protection Program (PPP) is created with a $350 Billion funding. This program will provide small businesses and other entities with loans up to $10 million.
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Congress enacted three bills in three weeks – the Coronavirus Preparedness and Response Supplemental Appropriations Act of 2020, the Families First Coronavirus Response Act (FFCRA), and the Coronavirus Aid, Relief and Economic Security Act (CARES Act) – designed to address the public health emergency caused by the spread of COVID-19.
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The city of Chicago is establishing a $100 million Chicago Small Business Resiliency Fund.
Illinois businesses outside of Chicago are eligible for the Illinois Small Business Emergency Loan Fund.
The Coronavirus Aid, Relief, and Economic Security (CARES) Act is currently going through Congress, the information below comes from the version passed by the Senate. It has not yet been voted on by the House of Representatives. Discussions are still ongoing.
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