Revenue Replacement – American Rescue Plan (ARP)

Treasury will presume that each jurisdiction experienced up to $10 million in lost revenue. If a local government received less than $10 million in CSLFRF funds, it may take the Standard …

CouponFollow Extension

$10
OFF

Revenue Replacement – American Rescue Plan (ARP)

5 days from now

Treasury will presume that each jurisdiction experienced up to $10 million in lost revenue. If a local government received less than $10 million in CSLFRF funds, it may take the Standard …

unc.edu

$1
OFF

The American Rescue Plan - Government Finance Officers …

5 days from now

Apr 27, 2022 · The American Rescue Plan. On March 10, 2021, the House of Representatives approved a Senate-amended version of President Biden's $1.9 trillion COVID-19 relief …

gfoa.org

$10
OFF

Treasury Issues Final Rule For State And Local Fiscal Recovery …

5 days from now

Jan 13, 2022 · This provision provides recipients with the broadest discretion in using SLFRF funds. The Final Rule provides a new standard allowance of up to $10 million for lost revenue …

bradley.com

$350
OFF

A Closer Look: States Using Fiscal Recovery Funds For Revenue

5 days from now

Oct 27, 2022 · Under the American Rescue Plan Act (ARPA) enacted in March 2021, state, local and tribal governments received $350 billion as part of the Coronavirus State and Local Fiscal …

nasbo.org

$1400
OFF

American Rescue Plan Package Includes Several Tax Provisions

5 days from now

Mar 11, 2021 · 2021 Recovery Rebates (Section 9601) – Recovery rebates paid in 2021 generally will be $1,400 per taxpayer and will be reduced for single taxpayers with an adjusted gross …

stradley.com

$65
OFF

Local Governments Prioritizing Housing Stability Led Cities And …

5 days from now

Mar 6, 2024 · The American Rescue Plan Act’s (ARPA’s) $65 billion in direct federal grants to all of America’s 19,000-plus cities, towns, and villages provided both necessary budget relief and …

nlc.org

FAQs about Revenue Replacement – American Rescue Plan (ARP) Coupon?

What tax credits are available under the American rescue plan?

The Treasury Department and the Internal Revenue Service announced further details of tax credits available under the American Rescue Plan to help employers (including state and local governments), including for providing paid leave for employees receiving COVID-19 vaccinations. ...

What is the American rescue plan Act?

The American Rescue Plan Act’s (ARPA’s) $65 billion in direct federal grants to all of America’s 19,000-plus cities, towns, and villages provided both necessary budget relief and made local governments a principal part of the nation’s solution to reversing pandemic-related declines in housing stability. ...

How much does the American rescue plan cost?

Phases out between: $75,000 and $80,000 of AGI for single filers; $112,500 and $120,000 of AGI for head of household filers; $150,00 and $160,000 of AGI for joint filers) After signing the American Rescue Plan into law, the Biden Administration now has the task of implementing it. ...

What is the lost revenue provision of the slfrf?

The lost revenue provision of the SLFRF allows recipients to use SLFRF funds in the amount up to the recipient’s lost revenue for provisions of “government services.” This provision provides recipients with the broadest discretion in using SLFRF funds. ...

How do slfrf recipients measure revenue loss?

Under Treasury’s SLFRF final rule, recipients measure revenue loss using a four-step process outlined by Treasury. First, they calculate their base year revenue (fiscal year 2019 – the last full fiscal year before the public health emergency began). ...

Can a recipient use a portion of their award as revenue replacement?

With these changes, recipients may wish to reconsider their strategy for utilizing the portion of their award dedicated as Revenue Replacement. Treasury has afforded an opportunity to do so. ...