A new state tax credit plus $500 million in COVID-19 Relief Grants are among the new financial stimulus programs available to eligible small businesses in California that have been impacted by the coronavirus pandemic.

Two bills that will assist dental practice owners impacted by the pandemic became law last week with Gov. Gavin Newsom’s signature. One new law will protect PPP loan recipients from having to pay potentially thousands in unexpected state income tax on their forgiven PPP loans. 

With top Democratic lawmakers and White House officials struggling to reach a compromise on another round of broad coronavirus relief, the White House Saturday issued four presidential memos, or measures, aimed at mitigating the impacts of the pandemic by addressing jobless benefits, evictions, student loans and payroll taxes.