Happy New Year from NNAHRA 😁

Congress passes a bipartisan bill that includes coronavirus relief and other provisions.

The Paycheck Protection Program (PPP): The bill expands PPP eligibility to include all nonprofits, including 501(c)(6) organizations as well as allocate an additional $284 billion for the PPP.
Health and dependent care flexible spending arrangements: The bill allows taxpayers to rollover unused amounts in their health and dependent care flexible spending arrangements from 2020 to 2021 and from 2021 to 2022.
Employer-Provided Student Loan Repayment: The bill extends an employer’s ability to contribute up to $5,250 annually towards an employee’s student loans, where such a payment would be excluded from an employee’s income – until December 31, 2025.
Work Opportunity Tax Credit (WOTC): The bill extends WOTC through December 31, 2025. WOTC is a federal tax credit available to employers that hire and retain individuals from certain groups that have consistently faced significant barriers to employment.
An extension until December 31, 2021 to make eligible Coronavirus Relief Fund (CRF) expenses for tribal governments from payments received as part of the CARES Act. (The extension does not provide extra funding or changes to the definition of eligible expenses.)
A second stimulus check to individuals earning less than $75,000 a year for a maximum of $600 for qualifying adults and their child dependents.
$300 in enhanced unemployment insurance benefits through March 14, 2021.
$1 billion for the Indian Health Service to support tribes with testing and tracing activities, as well as distributing COVID-19 vaccines directly to tribes. In addition, at least $125 million has been set aside to help support mental and behavioral health.
$1 billion for tribal broadband land connectivity, which includes a $75 subsidy to help those on tribal lands who are already eligible for the Federal Communications Commission’s Lifeline program.
$12 billion in funding for Community Development Financial Institutions (CDFIs) with targeted support for Minority Depository Institutions (MDIs) and CDFIs supporting low-income and minority communities.
$998,000 for the Food Distribution Program on reservations.
$68 million for loans and grants for water and wastewater projects’ rural water supply and federally recognized Indian tribes and other entities.
$25 billion in rental assistance to states and local governments, with $800 million set aside for tribes and tribally designated housing entities.
$818.8 million in education funding for outlying areas and the Bureau of Indian Education.