Two types of grants are available to eligible businesses that suffered an economic loss of at least 20 percent during the pandemic: 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.. "As we continue to emerge from the impacts of the COVID-19 pandemic, it is essential we help our small businesses recover and prosper," said NC . Small businesses are the backbone of our economy, said Governor Cooper. What is the Business Recovery Grant Program (BRG)? If you have not yet received a check or denial letter, please contact the Department at1-877-252-4983. Even if you are not sure which expenses will be eligible for reimbursement, it is important to start documenting all of your COVID-19 expenses now so that you will be prepared to submit them for reimbursement after you have completed the registration process. The deadline to apply for the program is January 31, 2022. 7. 1 On December 10, 2021, the Protecting Medicare and American . Additionally, if a business closed its sales and use tax account with the Department, filed Form NC-BN with the Department or filed Form NC-3 indicating it is closing, the business is permanently closed. These grants are part of North Carolinas efforts to support businesses as they recover from the effects of the COVID-19 pandemic. Provide technical assistance to help applicants register in the FEMA Grants Portal and to submit their required documentation. 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. It typically takes FEMA two to three weeks to review and email new organizations about their applications approval. The application period for Phase 2 of the Program closed on June 1, 2022. Reallocation: On March 30, 2022, Treasury published its ERA2 Reallocation Guidance and published a Fact Sheet Summary . The NC ESG Program does not allow grantees to use their funding for new construction, renovation, major rehabilitation, or conversion of buildings for use as emergency shelters or transitional housing for the homeless. We are here to help through the Coronavirus Aid, Relief, and Economic Security (CARES) Act grant. Whether a grant amount is included in federal gross income is determined under federal law. You will qualify to receive the grant if you meet all of the eligibility requirements, including the requirement that you must be allowed a federal child tax credit for calendar year 2019. Receiving the Business Recovery Grant. To receive the grant payment you must complete one of the following options: Whichever option you choose, the application or the amended return must be completed and submitted to the Department on or before July 1, 2021. What businesses may be eligible for a grant in Phase 2? Therefore, a Phase 2 application cannot be amended at this time. A lock icon or https:// means youve safely connected to the official website. The Department mailed paper checks to grant recipients using the mailing address provided by the applicant on the application. Click here if you have questions or want to be notified of additional information that could be beneficial to HUB businesses. The Economic Impact Payment was a federal program administered by the Internal Revenue Service on behalf of the US government. The application period for Phase 2 closed on Wednesday, June 1. Am I eligible for a grant? Learn more about SVOG Restaurant Revitalization Fund Funding for eligible restaurants, bars, and other food service businesses. I disagree with the Departments grant amount calculation. Is the grant amount shown on Form 1099-G with a Line 3 Grant subject to North Carolina income tax? I received an email/letter from the Department requesting additional information but missed the deadline to respond. All sheltering must be conducted in accordance with standards and guidance approved by the Department of Health and Human Services/Centers for Disease Control and Prevention (HHS/CDC) and must be implemented in a manner that incorporates social distancing measures, Reimbursement for state, tribe, territory and/or local government force account overtime costs and all time for temporary staff to assist with COVID-19. 5. I have misplaced my Form-1099-G with a Line 3 Grant. To request a duplicate Form 1099-G with a Line 3 Grant, contact the Department at 1-877-252-3052. In response to the continued impact of COVID-19 on students and families, the President Signed the Coronavirus Response and Relief Supplemental Appropriations Act, 2021 (CRRSAA) on December 27, 2020. . To qualify for a hospitality grant, you must meet all of the following conditions: Your business was classified in NAICS Code 71 or 72 from March 1, 2019 through February 28, 2021. An official website of the State of North Carolina, Extension for Filing Individual Income Tax Return, Individual Estimated Income Tax-Form NC-40, Sales and Use Electronic Data Interchange (EDI), Electronic Filing Options and Requirements, Frequently Asked Questions About Traditional and Web Fill-In Forms, Authorization for Bank Draft Installment Agreement, Updated Individual Income Tax Adjustment Notice, Attachment and Garnishment Employer Copy, Attachment and Garnishment Taxpayer Copy, Confirmation of Installment Payment Agreement, Notice of Collection Amount Shown Due But Not Paid In Full, Notice of Individual Income Tax Assessment, Climate Change & Clean Energy: Plans & Progress. When is the last day I could have submitted my Business Recovery Grant Program application for Phase 2 and be eligible to receive the grant? 1. Organizations approved for loans between $150,000 and $10 million $793B Amount Approved $742B Amount Forgiven Includes any accrued interest Number of loans by state About this data This data comes. You did not meet all of the eligibility conditions necessary to receive the grant. Secure websites use HTTPS certificates. In addition, you were required to attach a list of all of your sales and use tax account IDs to your application. 19. Most Service Centers are now open to the public for walk-in traffic on a limited schedule. Submitting the Designation of Applicants Agent - 2 min. While no additional state and local aid was provided, an extension of the deadline by which the Coronavirus Aid, Relief, and Economic . What should I do? 5. Be prepared to provide documentation that clearly defines status as an eligible organization. For more information on what is considered other COVID-19 relief, go to Section III, Question 2 of this webpage. All locations NC Kannapolis 1746 S Cannon Blvd Food Lion Grocery Store of Boulevard Center Closed Opens at 7:00 AM Thursday 1746 S Cannon Blvd Kannapolis, NC 28083-6104 (704) 933-6800 Get Directions View Weekly Specials Shop Online Store Hours Closed Opens at 7:00 AM Thursday Store Services operation underground railroad reviews Sep 11, 2022 . All grant payments have been issued by check to eligible individuals. 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%. On October 5, 2022, NCDOR mailed letters to applicants that were not approved. Will the grant be included in my North Carolina taxable income? Grant Opportunities | nc.gov Grant Opportunities This page includes links to grant programs across NC state government agencies. almost 27 billion was allocated through the COVID -19 Business Grants scheme to local authorities in England, which delivered over 4.5 million payments totalling 22.6 billion, to businesses. 3. 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. 4. What is a Form 1099-G with a Line 3 Grant and why did I receive one from the North Carolina Department of Revenue? Applicants must work though and maintain access to the FEMA Grants Portal (as with a natural disaster event) to access funding. A lock icon or https:// means youve safely connected to the official website. Phase 1 of the Program closed on January 31, 2022. File a complaint online with the OIG Here. In addition, a business that was ineligible during Phase 1 because it received other COVID-19 relief may now be eligible for a grant in Phase 2. A business is a HUB if fifty-one percent of the business is owned by, and the day-to-day management and daily business operations are controlled by, one of the following: The application period for Phase 2 of the Business Recovery Grant Program closed on June 1, 2022. The Department determined that you were not eligible to receive the grant payment. Submitting a Request for Public Assistance- 3 min. If you have not yet received a check or denial letter, please contact the Department at 1-877-252-4983. Applications submitted electronically, faxed, mailed to the designated address, or delivered to a Department service center must have been received by the Department on or before June 1, 2022. If you need help buying food, you may be eligible for FNS benefits. Friday, May 20, 2022 - 00:00 RETOOLNC Grant Program Relaunches for Third Round of Funding June 1st All NC HUB certified firms interested in applying are encouraged to attend Q&A webinar May 26 . In addition to meeting other eligibility requirements, generally, your child must be claimed by the custodial parent which is the parent with whom the child lived for the longer period of time during the year. 21. 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. Under legislation signed into law May 24, 2021, individuals who missed the original deadline may be eligible to receive the $335 grant payment. 10. If the business is an entity, then the check will be made payable to the legal business name of the applicant listed on the application. Acquisition and installation of temporary physical barriers, such as plexiglass barriers and screens/dividers, and signage to support social distancing, such as floor decals. Purchase and storage of PPE and other supplies listed in this section based on projected needs. If you reported zero on line 10a but had at least one qualifying child for whom you were allowed a federal tax credit in 2019, then you may either amend your 2019 D-400 to correct the information, or you may apply for the grant using Form NC-1105. 8. The budget Governor Cooper signed on November 18, 2021 provided $500 million to fund the Business Recovery Grant Program. The application period for the Extra Credit Grant applications closed on July 1, 2021. 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 22. You must have included the sum of the gross receipts reported on your Form E-500s for all of your North Carolina sales and use tax account IDs. You cannot appeal this decision. Refer to Section I, Question 13 for the full list of tax forms used to calculate gross receipts for Phase 2. The Extra Credit Grant program was established by law in 2020 to use funds from the Coronavirus Relief Fund to help families with qualifying children in North Carolina by providing economic support to assist with virtual schooling and child-care costs during the COVID-19 pandemic. The current 2021-2022 funding round may award up to $350 million in federal ARPA funding. A NAICS Code is a classification within the North American Industry Classification System adopted by the United States Office of Management and Budget. . Could I apply for an additional grant based on these understated gross receipts? The business suffered an economic loss of at least 20%. Secure websites use HTTPS certificates. 1 University Drive Pembroke, NC 28372 . How was the grant amount calculated? . ARP American Rescue Plan Homeless Children and Youth II (ARPHCY II) Allocations ARP ESSER Preliminary Allocations ARP-HCY II Formula Grants This includes: Coronavirus Relief Funds (CRF) Local Fiscal Recovery Funds (LFRF) State Fiscal Recovery Funds (SFRF) What do I need to do to apply for the grant? You cannot increase the amount of gross receipts reported on Form E-500 or federal Form 1065. Your economic loss is determined based on the amount your gross receipts in North Carolina were reduced from the period March 1, 2019 through February 29, 2020 (Pre-COVID Period) to the period March 1, 2020 through February 28, 2021 (COVID Period). The state grant check is not a refund of state income tax. 9. 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. (b) Report at least one qualifying child on Line 10a of Form D-400 for calendar year 2019. Grants of up to $25,000 were awarded to eligible certified HUBs and DBEs to help them continue to recover from the pandemic. How do I determine if Im subject to North Carolina income tax under Article 4 of Chapter 105 of the North Carolina General Statutes? If the grant is included in federal AGI or federal taxable income, North Carolina allows a deduction for the grant payment on the North Carolina income tax return. Private non-profits shouldbe prepared to provide extra documentation to demonstrate eligibility, including articles of incorporation, charterand bylaws. Assistance | NC COVID-19 Home Info/Guidance Individuals & Families Assistance Assistance Food Assistance If you already get Food and Nutrition Services (FNS) benefits, these benefits have been enhanced during COVID-19. If you are eligible for the grant and have not received it, you should contact the Department immediately at 1-877-252-4983.
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