On March 19, 2020, Syracuse Mayor Ben Walsh announced the creation of a $500,000 fund to provide interest-free emergency loans to small businesses in the City of Syracuse that have been adversely impacted by the novel coronavirus. The COVID-19 Emergency Relief Program will be administered by the Syracuse Economic Development Corporation ("SEDCO") and is intended Read More »
The Treasury Department and the Internal Revenue Service announced that the filing due date for federal income tax returns would be automatically extended to July 15, 2020. The extension applies to "all taxpayers" including: individuals, corporations, trusts and estates, and other filers. Additionally, payment of income tax due has also been extended to July 15, Read More »
On March 17, 2020, Governor Andrew M. Cuomo and Attorney General Letitia James announced that effective immediately, the State will temporarily halt the collection of medical and student debt owed to the State and referred to the Office of the Attorney General (OAG) for collection from March 16, 2020 through April 15, 2020. No application is necessary Read More »
New York State is acting swiftly to respond to the COVID-19 pandemic. On March 18, 2020, Governor Cuomo signed a bill into law that provides paid sick leave to employees directly impacted by COVID-19. The law, which takes effect immediately, requires employers to provide paid sick leave to employees when they are subject to an Read More »
In the wake of COVID-19 closures, the NY State Liquor Authority (the "SLA") issued guidance this week permitting on-premises establishments to sell alcohol for off-premises consumption. The change was effective March 16, 2020 and continues until the SLA issues further guidance. Licensees do not need to notify the SLA or seek a waiver to begin Read More »
Municipal and governmental issuers and conduit borrowers (such as hospitals, colleges, universities and other nonprofits) are taking steps to address and mitigate direct and indirect risks and costs posed by COVID-19. Issuers and conduit borrowers should add continuing disclosure obligations to their growing checklist of items to address with respect to COVID-19 and its impacts Read More »
On March 11, 2020, the World Health Organization declared a global pandemic as the Coronavirus rapidly spreads around the world. Employers are becoming increasingly concerned about their rights and obligations with respect to maintaining a safe workplace for their employees and complying with various federal and state labor and employment laws. This alert will provide Read More »
United States Citizenship and Immigration Services ("USCIS") announced that it is implementing the electronic registration system for employers seeking to file FY2021 H-1B cap subject petitions. Employers are required to register and pay an associated $10 fee for each electronic registration. We can assist you with the registration and submission of the necessary information for Read More »
In late December 2019, President Trump signed into law a wide-ranging appropriations bill which extended several temporary excise tax credits created by the 2017 Tax Cuts and Jobs Act ("Jobs Act") that were due to expire at the end of 2019. The tax credits, which correspond to an excise tax increase passed in 1990, have Read More »
This alert is the third part of the Bousquet Holstein OZ Series that highlights topics in the Opportunity Zones final regulations published in the Federal Register on January 13, 2020. Under the Opportunity Zones program, a taxpayer who has held a qualifying investment in a Qualified Opportunity Fund for at least 10 years may elect Read More »