NAR’s Federal Advocacy team has been working closely with Congress and the Administration to ensure the interests of REALTORS®, their families, consumers, and the entire real estate industry are protected in any federal action in response to COVID-19.
On December 21, 2020, Congress passed a COVID-19 relief package, which also included an Omnibus spending bill for Fiscal Year 2021, and some tax extenders. Below is a summary of the major provisions of that bill impacting REALTORS®.
COVID-Related Provisions:
- Unemployment Assistance
- Paycheck Protection Program
- PPP Tax Forgiveness
- Eviction Moratorium & Rental Assistance
- State and Local Funding
- Individual Stimulus Payments
- Broadband Expansion
- Tax Provisions (related to COVID)
- Tax Extender Provisions
- and Other Provisions
Click HERE for the link
Click HERE for the printable version