CALIFORNIA PROVIDING $500M IN VIRUS AID FOR SMALL BUSINESSES
AppleMagazine|AppleMagazine #475
California will provide temporary tax relief and $500 million in aid to small businesses struggling because of coronavirus outbreak restrictions, Gov. Gavin Newsom announced this week.

The tax measures include a three-month automatic extension of the income tax payment deadline for those paying less than $1 million in sales tax and expansion of a program allowing businesses with up to $5 million in sales to reach agreements on interest-free tax payments.

Interest-free payment options also will be expanded for larger businesses, Newsom said.

The additional $500 million in relief funds will be available to small businesses and nonprofits in the form of grants up to $25,000.

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