On March 27, 2020 the President signed The Coronavirus, Aid, Relief and Economic Security Act (CARES Act). The CARES Act includes many tax provisions that are intended to put cash flow in the hands of individuals and businesses. Additional coronavirus relief related legislation has been passed and is included in this whitepaper.
The CICPAC Tax Thought Leadership Committee compiled a summary of those changes potentially impacting our construction clients. In the interest of time, this document provides an overview for further consideration for planning in 2021 and beyond. To view the full whitepaper, click here. For more tax and construction related resources, visit our resource library.