For this event, eligible reimbursable work and costs are those related to emergency protective measures that have been taken or that will be taken to eliminate or lessen immediate threats to lives, public health and safety due to COVID-19. Nearly 800 new covid cases reported since last week. 17. Today, Governor Roy Cooper and Department of Revenue Secretary Ronald Penny joined business leaders to provide an update on the Business Recovery Grant Program and encouraged local businesses to apply. Specifically, you must meet both of the following conditions: Report on Form D-400 for calendar year 2019 that either you or, if filing a joint return, your spouse, was a resident of North Carolina for the entire 2019 calendar year. It depends. However, the combined Phase 1 and Phase 2 grant award for a business cannot exceed $500,000. The grant amount is $335.00 total for each eligible individual, even if the individual has two or more qualifying children. Generally, however, all income is taxable for federal tax purposes unless specifically exempted by federal law. The child did not provide over half of his or her own support for 2019. Since you operate your business as an S Corporation and the S Corporation is subject to North Carolina income tax, you may be eligible for a grant if you suffered an economic loss of at least 20%. Launched on December 16, 2021, the Business Recovery Grant Program will issue a one-time payment to eligible North Carolina businesses that experienced an economic loss due to COVID-19. If you were awarded a hospitality grant (business classified in NAICS code 71 or 72) please click here for more information. Grants of up to $25,000 were awarded to eligible certified HUBs and DBEs to help them continue to recover from the pandemic. In general, if your Social Security benefit is your only source of income, then Social Security benefits are not considered federal taxable income. For detailed information on how to file an amended 2019 individual income tax return, see Form D-401, North Carolina Individual Income Tax Instructions for Tax Year 2019. 5. Who will the grant check be made payable to? Submitting the State-Applicant Disaster Assistance Agreement - 3 min. Otherwise, grant funds will be issued by mailed check. This change may also allow eligible businesses to apply for a larger grant award during Phase 2. North Carolina gets $800 million in federal American Rescue Plan Act money to give stabilization grants to childcare centers and programs amid COVID-19 pandemic. Note: If you have eligible costs for this COVID-19 event, or believe you will have eligible costs, you should submit an RPA. 5. Purchase and storage of PPE and other supplies listed in this section based on projected needs. There are also a number of treatments available. The Department has issued all checks to eligible individuals. Hospitality grants are available to eligible arts, entertainment and recreation businesses, as well as eligible accommodation and food service businesses such as hotels, restaurants and bars. Gross receipts not listed on the Form E-500s but reported on your federal Form 1120 or Form 1065, if applicable, must have been included in the calculation for the entity that files the income tax return provided the gross receipts are for transactions apportioned to the State. We are grateful to state lawmakers and the Governors Office for providing this funding and to the N.C Department of Revenue for their quick implementation of the program., Weve been working to ensure that minority and women-owned businesses are a vibrant part of our economy, said Kevin J. Additional guidance is available on our website in the instructions for North Carolina income tax returns. If you are a private nonprofit, please make sure you have your tax-exempt information and other supporting documentation ready to upload for FEMAs review. No. Eastern Region Brian Snell, An official website of the State of North Carolina, Public Assistance Program and Policy Guide, Public Assistance Eligible Emergency Protective Measures, NCEM Guidance on Reimbursement of Non-Congregate Sheltering, Community Emergency Non-Congregate Sheltering MOU, Public Assistance Applicant Briefing Slides, State - Applicant Disaster Assistance Agreement, Designation of Applicant's Agent and Applicant Assurances, Extension forNon-Congregate Sheltering Approval Letter, COVID-19 Pandemic: Safe Opening and Operation Work Eligible for Public Assistance Policy, Environmental and Historical Preservation, Procurement Under Exigent or Emergency Circumstances, Purchase and Distribution of Food Eligible for PA, Fact Sheets and Guidance on COVID-19 in Spanish, Letter about Administrative Burden Relief, Public Assistance Floodplain Guidance for Critical Temporary Facilities, Medical Costs Eligible for Public Assistance, Streamlined Project Application Quick Guide, COVID-19 Patient Care Revenue Duplication of Benefits, Costs for COVID-19 Vaccinations Eligible for Public Assistance. Whichever parent or guardian has the authority to claim the child on their federal income tax return will have the authority to claim the child on the state income tax return and would be able to receive the grant. Any federal grant payments received were from a federally administered program on behalf of the U.S. government. If the business is a sole proprietorship, the check will be made payable to the individual operating as a sole proprietorship. Today, Governor Roy Cooper and Department of Revenue Secretary Ronald Penny joined business leaders to provide an update on the Business Recovery Grant Program and encouraged local businesses to apply. 3. How can households seek help if they need further financial assistance even after receiving the third tranche of CRG? A lock icon or https:// means youve safely connected to the official website. For Phase 2, gross receipts are calculated using the sum of the following gross receipts: A business that received a grant in Phase 1 is only eligible for a grant in Phase 2 if ALL of the following are true: The grant amount for a business that received a grant in Phase 1 is a percentage of the amount by which Line 5b is greater than Line 8b. 15. However, the custodial parent may execute Federal Form 8332 which states that the custodial parent will not claim such credit and the noncustodial parent can attach the form and claim the child. In general, Article 4 of Chapter 105 covers corporate income tax, individual income tax, and partnership income tax. COVID Funds COVID Funds Expenditure and Allotments Data for 2022-2023, spreadsheet as of January 31, 2023 Expenditure and Allotments Data for 2021-2022, spreadsheet as of June 30, 2022 Allotment and Expenditure Data Visualization - data is through January 31, 2023. In order to be eligible for the grant, your child had to be a qualifying child for purposes of the federal child tax credit for tax year 2019. If your business has additional gross receipts that were not reported on Form E-500 or federal Form 1065, then you may have been eligible to apply for an additional grant payment. You must have included the gross receipts that will be reported on Line 1 of the E-500 when calculating your gross receipts for the COVID Period.. To learn more, view our full privacy policy. NC. Even if it ultimately turns out you do not have reimbursable costs, the RPA is required for your organization to be included and your RPA can be withdrawn if necessary. On September 29, 2022, the Department mailed checks to all eligible Phase 2 applicants. Generally, your NAICS Code should be similar to the Principal Business Code or Professional Activity Code reported on your federal income tax return. On October 5, 2022, NCDOR mailed letters to applicants that were not approved. If you received an email confirmation with the subject line Completed: Please DocuSign: NC-182 Phase 2 Application for Business Recovery Grant Program, then the Department is in receipt of your electronic application. Eligible early care and learning programs may apply at any time. The check will be mailed to the mailing address you listed on your application. Will I owe the Internal Revenue Service tax on the grant? While checks list the State Treasurer on them, the Department of State Treasurer cannot cash or assist with the checks. To request a duplicate Form 1099-G with a Line 3 Grant, contact the Department at 1-877-252-3052. State Government websites value user privacy. Check the State tax return you filed for calendar year 2019 to see if you indicated on the return that you, and your spouse, were residents of North Carolina for the entire year. 9/30/22 This November Rutherford County will have the opportunity to vote in a new Sheriff. If you are already a registered applicant, you can go directly to the FEMA Grants Portal to apply. In order to be eligible to receive an automatic grant payment, you must meet both of the following conditions: (a) Report on Form D-400 for calendar year 2019 that either you or, if filing a joint return, your spouse, was a resident of North Carolina for the entire 2019 calendar year. The following individuals with a qualifying child who was 16 or younger at the end of 2019 who have not already received the grant payment from the NC Department of Revenue may be eligible to receive the grant. The Business Recovery Grant Program issued payments to eligible North Carolina businesses that experienced a significant economic loss due to COVID-19. International Women's Media Foundation Accepting applications for grants up to $2,000 for women who identify journalists facing significant financial hardship, lost work, were recently laid off or who urgently need assistance due to the effect of COVID-19 Some people are at higher risk of more severe disease or outcomes from COVID-19 infection than others. The IRS has advised the Department that payments from the Business Recovery Grant Program are subject to federal income tax and should be included in the businesss gross income or gross receipts. If you believe the amount on your Form 1099-G with a Line 3 Grant is incorrect, youshould contact the Department at 1-877-252-3052. If you submitted an electronic application but do not see a confirmation email, then check your spam email inbox. An applicant must have a minimum of $3,300 of eligible costs (FFY2020) for FEMA to allow a project for cost reimbursement to be written as an emergency protective measure (or Category B work). The application period for the Extra Credit Grant applications closed on July 1, 2021. 3. However, to amend your return to change line 10a, you must follow the steps below: If you file the amended return by mail, write Extra Credit Grant Program at the top, right hand corner of the 2019 Form D-400. Two types of grants are available to eligible businesses that suffered an economic loss of at least 20 percent during the pandemic: For more information about the application, visitwww.ncdor.gov/business-recovery-grant. Eligible subrecipients include local governments, counties, special political subdivisions and authorities, tribal entities, certain private non-profits (community centers, food programs, hospitals, assisted living facilities, shelters, utility cooperatives), K-12 schools, and institutions of higher education. If I permanently closed my business after February 28, 2021 but meet the eligibility criteria, am I still eligible to receive the grant? Experts now say that as much as 10 percent of the $800 billion handed out in a Covid relief plan known as the Paycheck Protection Program was stolen. My business was denied a grant in Phase 1 because I received a PPP loan (other COVID-19 relief). Whether the grant is included in federal gross income is determined under federal law. The federal stimulus check is a refund of federal income tax. If you have not yet received a check or denial letter, please contact the Department at1-877-252-4983. Your HUB status has no bearing on the Department of Revenues Business Recovery Grant Program. 10. In addition to the $800 million in education funding included for identifying and supporting children and youth experiencing homelessness, there are opportunities across other funding streams to target supports .