Paycheck Protection Program Coverage

Federal task force to target COVID relief fraud cases
Billions of dollars of federal COVID-19 funds has ended up in the hands of fraudsters, according to the U.S. Attorney's office for the Eastern District of North Carolina. U.S. Attorney Michael Francis Easley, Jr launched a new federal task force to go after thieves who are trying to recoup the cash.

NC branch of U.S. Attorney's Office launches program to catch people defrauding government using PPP loans
Billions of dollars of federal COVID-19 funds have ended up in the hands of fraudsters, according to the U.S. Attorney's office for the Eastern District of North Carolina.

Tax dollars help groups some consider extremist to survive pandemic
The federal government approved 12 million Paycheck Protection Program loans last year, totaling nearly $800 billion, to help companies and nonprofits stay afloat during the pandemic. But the money went to more than neighborhood restaurant, local gyms and food banks.

Some PPP loans went to organizations labeled as hate groups
The federal government approved 12 million Paycheck Protection Program loans last year, totaling nearly $800 billion, to help companies and nonprofits stay afloat during the pandemic. But the money went to more than neighborhood restaurant, local gyms and food banks.

Some NC lawmakers will benefit from state PPP tax breaks
Entities tied to at least 30 members of the North Carolina House of Representatives were approved for more than $4.8 million in forgivable federal loans over the last year. Most of those lawmakers voted last month to approve a tax break on that money, and on the other Paycheck Protection Program loans that went to more than 113,000 businesses across North Carolina.

Nearly a quarter of NC House members have close ties to companies with PPP loans
Entities tied to at least 30 members of the North Carolina House of Representatives were approved for more than $4.8 million in forgivable federal loans over the last year. Most of those lawmakers voted last month to approve a tax break on that money, and on the other Paycheck Protection Program loans that went to businesses across North Carolina.

Small business COVID-19 relief program runs out of money
The government’s key COVID-19 relief program for small businesses, the Paycheck Protection Program, has run out of money.

$850 million tax break passes NC House, but Senate expected to sit on it
Senate leader says not to expect tax legislation to move for a couple of weeks, despite the looming income tax deadline.

NC House honors wounded vets
The state House honors wounded veterans and takes a final vote on a measure to give tax breaks to businesses and individuals who received pandemic-related aid.

Speaker deposes powerful NC House committee chair amid dispute over tax bill
The longest-serving member of the state House was stripped Tuesday of her chairmanship on the powerful House Finance committee amid a dispute over pandemic-related tax breaks.

NC House adds jobless benefits to bill on PPP loan deductions
The state House adds an exemption for unemployment benefits to l vote on a measure that would allow business owners to deduct from their state taxes expenses they paid with federal Paycheck Protection Program loans during the pandemic.

Lawmakers say PPP loans can be deducted, but not jobless benefits
The House voted overwhelmingly on Thursday to give tax breaks to people who received federal funds during the coronavirus pandemic.

NC House OKs tax deduction for PPP loans, not for unemployment
The House voted overwhelmingly on Thursday to give tax breaks to people who received federal funds during the coronavirus pandemic.

NC lawmakers, businesses call for PPP deduction on taxes
Lawmakers and small business owners press for passage of a bill that would allow businesses to deduct expenses paid by a pandemic relief loan.

Tax bill coming for unemployed as state declines forgiveness, moves to save businesses $367 million
North Carolina is poised to forgive interest on income taxes filed after April and on PPP business loans, but not for the unemployed.

Dozens of NC charter schools raked in PPP loans in addition to state funding
Forty-five public charter schools in North Carolina obtained a total of $28 million in forgivable federal loans last year in the early weeks of the pandemic that traditional public schools couldn't access.

Latest round of PPP loans will help the smallest of businesses
Businesses with 20 or fewer employees and the self-employed get a window in which to apply for federal paycheck support.

NC charter schools get federal loans earmarked for small businesses
Forty-five public charter schools in North Carolina obtained a total of $28 million in forgivable federal loans last year in the early weeks of the pandemic that traditional public schools couldn't access.

NC companies got most of $12B in state's PPP loans
From the kitchen to athletics fields to larger corporations, North Carolina businesses faced pandemic-related shutdowns in March. But Congress provided businesses with a lifeline through the Paycheck Protection Program.