EMAIL YOUR ELECTED OFFICIALS NOW!
Congress is currently working on a targeted COVID relief bill primarily focused on individual and small business relief. They are expected to take up a more comprehensive bill once the new Congress convenes in January and President-elect Biden takes office.
It is imperative that you contact your elected officials TODAY and urge them to pass a COVID-19 relief bill which includes the following items before they adjourn in December:
Provide targeted COVID-19 liability protection for attractions businesses that are following best practices to protect guests and workers against COVID-related illness
Small Business Administration Loans
Provide additional funding for the Paycheck Protection Program (PPP) extending the program through December 31, 2021 to enable a second draw for eligible attractions industry businesses:
Priority should be given to severely impacted businesses such as those required to close or operate at reduced capacity due to COVID-19 related concerns which can show a revenue decline of at least 25% in 2020.
Clarify that seasonal small businesses with fewer than 500 employees who work for six months or less are eligible.
Clarify that small businesses can deduct expenses paid with a forgiven PPP loan from their taxes and won’t be taxed on amounts forgiven by the PPP.
Ensure Economic Injury and Disaster Loans (EIDLs) are not capped by the Small Business Administration but available to eligible businesses up to the $2 million allowed.
Enhance the Employee Retention Tax Credit (ERTC)
Provide tax credits for purchase of personal protective equipment goods and services
Provide investment tax credit for capital equipment purchased
Animal Care Financial Assistance
Provide $800 million in federal support to help the zoological community cover the critical ongoing animal care costs including food, medical supplies, and diagnostic testing.
Repurpose the Mainstreet lending program
Funds should be made available for long term low interest rate loans for mid-size businesses that are ineligible for PPP. Prioritization should go to businesses that can verify that their revenues have been severely impacted due to state or local COVID-related safety mandates requiring them to limit their operating capacity.
Provide temporary tenant protections from evictions and late fees due to nonpayment of rent for commercial facilities that have been severely impacted by the COVID-19 pandemic.
Provide clear direction that banks, and other lending institutions have the ability to defer principal and interest payments of business loans that are in good standing but have clearly been affected by the COVID-19 pandemic.
IAAPA recognizes that not all of these asks are applicable to all members. You may edit your message to your elected officials
Thank you in advance for all you do to support our industry.