Rep. Courtney Notifies Chambers of Commerce That Forgiven PPP Loans to Small Businesses Are Not Taxable Income
May 08, 2020
May 08, 2020
WASHINGTON, May 8 -- Rep. Joe Courtney, D-Connecticut, issued the following news release:
Congressman Joe Courtney (CT-02) released a letter that he wrote to several eastern Connecticut chambers of commerce to provide clarification for small businesses on the federal tax impact of a forgiven Paycheck Protection Program (PPP) loan. In a video conference held yesterday between Courtney and representatives from Norwich, Eastern, and Mystic Chambers, questions were asked about whether f . . .
Congressman Joe Courtney (CT-02) released a letter that he wrote to several eastern Connecticut chambers of commerce to provide clarification for small businesses on the federal tax impact of a forgiven Paycheck Protection Program (PPP) loan. In a video conference held yesterday between Courtney and representatives from Norwich, Eastern, and Mystic Chambers, questions were asked about whether f . . .