Protecting Small Businesses in New Jersey

Idea Category: COVID, Jobs and Entrepreneurship

This week, NewDEAL Leader Senator Troy Singleton’s legislation to protect small businesses throughout the state from tax burdens on PPP loans was signed into law, providing more relief businesses that struggled during the pandemic. Singleton’s bill ensures that any forgiven Payment Protection Program loans are not subject to state income tax and that recipients can deduct the expenses, which Congress recently affirmed was the intent of the CARES Act. Read more about Senator Singleton’s bill here.

More Spotlight’s from Troy Singleton

New Energy Efficiency Fund in New Jersey

Idea Category: Climate Change, Infrastructure

Helping New Jersey’s Veterans

Idea Category: Safety Net

NewDEAL Leaders taking action on the Gun Crisis

Idea Category: Healthcare, Safety Net, Smart Government