Support Growing for 501(c)(6) Inclusion in PPP

Another round of COVID-19 relief legislation passed through Congress this week without addressing the needs of revenue-distressed 501(c)(6) associations, but there are encouraging signs that the message from ASAE and others is being heard on Capitol Hill. After 501(c)(6) associations were left out of the Paycheck Protection Program (PPP) created by Congress in the CARES… Read more »

House to Pass Interim Relief Bill, Pivot to CARES 2

The House is set to pass a $484 billion interim package of new COVID-19 relief funds today and lawmakers and the White House have shifted focus to the next round of stimulus for the pandemic-stricken economy. The legislation passed today includes $321 billion to replenish the popular Paycheck Protection Program, with $60 billion dedicated to… Read more »

ASAE Hosting Webcast on COVID Advocacy April 21

ASAE will host a webinar on Tuesday, April 21 at 12 pm ET to discuss the COVID-related advocacy efforts of associations and to break down provisions in the $2.2 trillion CARES Act enacted three weeks ago. While the CARES Act provides relief for many individuals, small businesses and nonprofit groups, trade and professional associations experiencing… Read more »

Trump Seeks Advice on Reopening Economy

President Trump spent much of yesterday on conference calls with corporate executives, industry groups and other influencers to try to build momentum for reopening much of the economy by early next month. The White House had earlier announced the formation of an advisory council called the “Great American Economic Revival Industry Group” that includes a… Read more »

Treasury Extends Excise Tax Payment Deadline

The IRS announced April 9 that, due to the COVID-19 pandemic, tax returns and payments for tax-exempt organizations and fiscal year businesses due between April and June are now delayed until July 15, 2020. The extension announced by Treasury Secretary Steven Mnuchin includes excise taxes that associations and other tax-exempt organizations pay on certain executive… Read more »