When Was The Cares Act Bill Passed. The cares act offers relief to state and local governments, individuals, small and large businesses, and hospitals affected by the coronavirus crisis. The coronavirus aid, relief and economic security act — or cares act — will next head to the house where a vote is expected march 27.
The cares act was signed into law on friday, march 27, 2020. Coronavirus aid, relief, and economic security act or the cares act. While that is great news, in and of itself, here’s a look at some of the key provisions included in the bill and what that may mean.
On friday, the house of representatives passed a historic stimulus package known as the coronavirus aid, relief, and economic security or “cares” act,.
The bill provides a $600 refundable tax credit for individuals ($1,200 for taxpayers filing jointly). Washington — the senate unanimously passed a $2 trillion stimulus package march 25 aimed at helping the people, states and businesses nationwide devastated by the coronavirus pandemic. Coronavirus aid, relief, and economic security act or the cares act. The bill provides a $600 refundable tax credit for individuals ($1,200 for taxpayers filing jointly).