Newsom, California Lawmakers Reach Deal on Virus Relief Package

Feb. 17, 2021, 10:31 PM

California businesses would be able to deduct up to $150,000 in expenses covered by a federal Paycheck Protection Program loan under a Covid-19 relief package announced by Gov. Gavin Newsom and Democratic legislative leaders.

The Democratic governor and lawmakers said they will take immediate action to approve the package, which also would provide $600 payments to low-income Californians who are eligible for the earned income tax credit. This includes noncitizens who have federal Individual Tax Identification Numbers and were not eligible for $1,200 federal relief payments sent in 2020.

The package also includes:

  • $2 billion in grants,...

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