If governments use Fund payments as described in the Guidance. to establish a grant program to support businesses, would those funds be considered gross income taxable to a business receiving the grant under the Internal Revenue Code (Code)? Please see the answer provided by the Internal Revenue Service (IRS) available at xxxxx://xxx.xxx.xxx/newsroom/cares-act-coronavirus-relief-fund-frequently-asked-questions.
Appears in 4 contracts
Samples: Federal Subrecipient Agreement, Subrecipient Agreement, cams.ocgov.com