New Infrastructure Bill Kills PPP 3 and Ends Employee Retention Credit (ERC) Early

The new Infrastructure Bill that was approved by the Senate and House and is now on its way to the desk of President Biden to be signed into law, will not allow remaining PPP loan funds to be used for a new PPP 3 program, and it will not allow eligible wages of 4th quarter 2021 to be claimed for the Employee Retention Tax Credit or ERC program.

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