PPP IFR #22 Summary: Certain Eligible Payroll Costs Related to Fishing Boat Owners
On June 25, 2020, the SBA released this twenty-second PPP Interim Final Rule (Rule) which supplements previous interim final rules by providing additional guidance concerning payroll costs that may be reported in connection with certain PPP loan and loan forgiveness applications. The Rule supplements implementation of sections 1102 and 1106 of the CARES Act, and the SBA requests public comment on all parts of the Rule, just as it has with all prior Interim Final Rules.
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