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Guidance for Municipalities Updated 4/7/2020 to include OPM issued guidance on Paragraph 6 Update 4/13/20 to include Executive Order 7W modifications to Paragraph 6 1.0          OVERVIEW On April 1, 2020, Governor Lamont issued Executive Order 7S, effective immediately, requiring municipalities to, among other things, enact a temporary program for relief from collection of property taxes, utility charges, and assessments (“Taxes”), extend certain filing deadlines for some municipal taxpayers ...

 On April 1, 2020, the Families First Coronavirus Response Act (“FFCRA”) went into effect.  Since then, the Department of Labor (“DOL”) has issued temporary regulations to effectuate the FFCRA, including regulations pertaining to the Emergency Paid Sick Leave Act (“EPSLA”) and Expanded Family and Medical Leave Expansion Act (“EFMLEA”).  The regulations formally implement major topics previously addressed in the DOL’s Q&As that were issued in March, available at https://www.dol.gov/agencies/w ...

Updated April 8, 2020 On March 27, 2020, President Trump signed the $2 trillion Coronavirus Aid, Relief and Economic Security Act (the “Act”).  The Act provides a number of tax benefits to individuals and businesses. Cash Rebates: Coronavirus recovery rebate checks of up to $1,200 for individual taxpayers ($2,400 for married couples filing jointly) will be issued, with an additional $500 payment for every child. The payments are reduced by $5 for each $100 a taxpayer’s adjustable gross income ...

During this uncertain time of the COVID-19 pandemic, not only is there an impact to the health of many around the world, but there has been major disruption to our daily lives and businesses. The tax-exempt bond market has seen an unprecedented reaction by investors. The current environment has also created potential federal tax issues in the tax-exempt bond market. The requested modifications to regulations governing the tax-exempt bond market are of interest to state government, municipalities ...