CARES Act Tax Provisions Aim to Stabilize Pandemic-ravaged Economy

Coronavirus Aid Relief And Economic Security Act on a piece of paper

By Alistair M. Nevius, J.D.

Journal of Accountancy

March 25, 2020

The Coronavirus Aid, Relief, and Economic Security (CARES) Act, H.R. 748, which passed the Senate by a 96-0 vote late on Wednesday, contains a host of tax measures as part of a $2 trillion aid package designed to help the economy as it suffers from the effects of the coronavirus pandemic. While the focus of the legislation is not tax, a large number of tax provisions are included in the over-600-page bill.

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