(b) Report at least one qualifying child on Line 10a of Form D-400 for calendar year 2019. 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. I engage in roles as: -An assistant professor in the Kinesiology Program (Physical Education Program at hire) - 2017 to present -A program coordinator for Kinesiology, Health, Physical Education . PO Box 871 In addition, you were required to attach a list of your North Carolina sales and use tax account IDs to your application. Whether the grant is included in federal gross income is determined under federal law. It depends. North Carolina families with qualifying children who were 16 or younger at the end of 2019 who did not already receive the $335 check from the NC Department of Revenue. Allow two weeks to receive the form. Click here if you have questions or want to be notified of additional information that could be beneficial to HUB businesses. food, housing & utilities, health insurance - including mental health care, transportation, or child care) or for Can I dispute the determination? If you did not indicate that you, or your spouse if filing a joint return, were full-time NC residents, youmust file an amended 2019 Form D-400 to correct the information. COVID-19 Capital Costs Tax Credit Program $250 million in tax credits to provide financial assistance to New York State small businesses burdened with a range of operational costs stemming from the COVID-19 pandemic, from structural changes and building upgrades to health-related supplies and materials. Legislation signed by the Governor in March 2022, updates the Programs eligibility criteria allowing many additional businesses to apply for the Program. No. How much time do I have to deposit the check? The North Carolina Small Business Impact Grant Program, RETOOLNC, was launched in Fall 2020 to help state certified minority and women-owned businesses disproportionately impacted by COVID-19. Was I eligible for a grant in Phase 2? Medical care and transport such as specialty ambulance transports, air evacuation, ventilators, etc. 5. New $273 million fund available to NC homeowners for help with bills. If you have not yet received a check or denial letter, please contact the Department at 1-877-252-4983. If you have any questions about the program, you may call the North Carolina Department of Revenue at 1-877-252-4487 (8:00 am until 4:30 pm EST, Monday through Friday). The check will be mailed to the mailing address you listed on your application. Some people are at higher risk of more severe disease or outcomes from COVID-19 infection than others. . 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. The business has gross receipts that were not reported on federal Form 1065. You will receive the grant if you meet all of the eligibility requirements, regardless if you owe money to the Department. If you still do not see a confirmation email, then call the Department at 1-877-252-4487. 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. 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 . North Carolina families with qualifying children who were 16 or younger at the end of 2019 whodid notalready receive the $335 check from the NC Department of Revenue. If you are a Historically Underutilized Business (HUB), there may be additional funding available for your business. Key facts for COVID-19 and FEMA Public Assistance: All reimbursement requests are processed through the online FEMA Grants Portal. It depends. You should have filed one application as the business owner. If you did not file a 2019 North Carolina Individual Income Tax Return, Form D-400, solely because your federal gross income (and your spouses federal gross income, if applicable) for 2019 did not exceed the States filing requirement for your filing status for 2019 (as printed on page 1, Part 2 of Form NC-1105), you may be eligible to receive an Extra Credit Grant payment under the extended Program if you meet all of the conditions of the Program and you apply for the grant using Form NC-1105 on or before July 1, 2021. The program reimburses New York small businesses with grants of up to $50,000 for COVID-related expenses incurred between March 1, 2020 and April 1, 2021. Your HUB status has no bearing on the Department of Revenues Business Recovery Grant Program. 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. Reimbursement grants are available to eligible businesses that did not receive funding from other relief programs including Paycheck Protection Program, COVID-19 Job Retention Grant and Economic Injury Disaster Loan (EIDL) Advance. 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 purpose of the grant is to assist eligible individuals with the additional virtual schooling or child care expenses incurred due to COVID-19. I have multiple North Carolina Sales and Use Tax Account IDs and file a separate schedule C for each location. Generally, your NAICS Code should be similar to the Principal Business Code or Professional Activity Code reported on your federal income tax return. However, COVID-19 vaccines help reduce the risks of severe illness, hospitalization and death caused from COVID-19. The supporting documentation must include the name, age, and social security number of each qualifying child for whom you were allowed a federal child tax credit for tax year 2019. Phase 2 is closed. How do I determine if Im subject to North Carolina income tax under Article 4 of Chapter 105 of the North Carolina General Statutes? I received an email/letter from the Department requesting additional information but missed the deadline to respond. The current 2021-2022 funding round may award up to $350 million in federal ARPA funding. No, this is not a new grant program. If the grant amount is included in federal AGI or federal taxable income, North Carolina allows a deduction for the grant payment amount on a North Carolina income tax return. In calculating North Carolina taxable income, you may deduct the amount of the grant if the grant is included in federal adjusted gross income. To qualify for a reimbursement grant, you must meet all of the following conditions: Your business was not classified in NAICS Code 71 or 72 from March 1, 2019 through February 28, 2021. 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. If the business is a sole proprietorship, the check will be made payable to the individual operating as a sole proprietorship. The business cannot be permanently closed at the time of the application. I received my grant check. FEMA requires all potential applicants to participant in an Applicant Briefing. In addition, check to see if the number of qualifying children you reported on line 10a was greater than zero. You suffered an economic loss, as the term is defined for the Program, of at least 20%. No. Be prepared to provide documentation that clearly defines status as an eligible organization. I am an individual operating multiple business locations in North Carolina. 4. Two types of grants are available to eligible businesses that suffered an economic loss of at least 20 percent during the pandemic: You cannot increase the amount of gross receipts reported on Form E-500 or federal Form 1065. How do I know the Department has received my online application? The Department has issued all checks to eligible individuals. The Business Recovery Grant Program (the Program) provides a grant payment to aid eligible North Carolina businesses that suffered significant economic damage from the COVID-19 pandemic. The proposal includes new money for North Carolina's Extra Credit grants, a program started by Republicans in the legislature to send direct relief to parents. The application period for Phase 2 of the Program closed on June 1, 2022. 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. If you received a Form 1099-G with a Line 3 Grant after filing your return, you may need to file an amended federal and State income tax return. The incident started January 20, 2020 and is ongoing. 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. Updated payment information is available in the Payments tab. When will the Department issue grants? . UNCW has received HEERF II funding and has established the HEERF II CRRSAA Emergency Relief Fund to distribute grants ranging from $300 to $900 to eligible students to help cover expenses related to the cost of attendance (i.e. When are Form-1099-Gs with a Line 3 Grant mailed? Counties will start at Step 6 since they only needed to apply for the funds. An individual that meets all of the eligibility requirements will receive a grant even if the individual died prior to the issuance of the grant. These funds are to be used to help Raleigh residents affected by COVID-19 for help with rent payments and mortgage payments. Extra credit grant checks may be stamped 'validated for payment if presented to State Treasurer'. The CARES Act Higher Education Emergency Relief Fund-IHE/Student Aid provides funding for institutions to award emergency financial aid grants to students who have been impacted by the COVID crisis. The grant amount is $335 per eligible individual, not for each qualifying child. Coronavirus Relief Fund Application of the Single Audit Act to Alaska Native Corporations (7/5/2022) Coronavirus Relief Fund Tribal Extension Notice (12/23/2022) The date for use of funds was extended from December 30, 2020 to December 31, 2021, by section 1001 of Division N of the Consolidated Appropriations Act, 2021, Pub. While the desire and passion to help the . Students are provided the flexibility to spend grant dollars as they deem appropriate. The Business Recovery Grant Program is a State program administered by the Department of Revenue. 1. . State Government websites value user privacy. Secure websites use HTTPS certificates. It is a massive economic package - the third in a series provided by the federal government - addressing the effects of the COVID-19 pandemic. In general, if your Social Security benefit is your only source of income, then Social Security benefits are not considered federal taxable income. . If you did not receive a grant award from the Business Recovery Grant Program, contact the Department at 1-877-252-3052. Under North Carolina law, the Departments determination is final. 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. The grant will be awarded to the business, not individual owners. This policy applies to all eligible applicants under the COVID-19 declaration that have conducted safe opening and operation work from January 21, 2021 through September 30, 2021. The required RPA submission is the process toformally request inclusion and consideration for cost reimbursement from FEMA. 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. The child does not file a joint 2019 federal tax return. 1-800-444-6472 / Fax: 301-251-2160 Email: info . No state tax debt that would normally offset a tax refund will reduce the amount of the grant. 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). Secure websites use HTTPS certificates. If you have not yet received a check or denial letter, please contact the Department at1-877-252-4983. You have 180 days from the date the check was written to deposit the check. 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. Walk-ins and appointment information. A NAICS Code is a classification within the North American Industry Classification System adopted by the United States Office of Management and Budget. The Departments employees do not have the ability to check the status of individual payments at this time. Dissemination of information to the public to provide warnings and guidance about health and safety hazards. You did not meet all of the eligibility conditions necessary to receive the grant. The WIOA Dislocated Worker Funds for Underserved COVID-19 Impacted Individuals program pays up to $800 per person for basic needs, such as housing, utility assistance, child care,. What should I do? 5. Who will the grant check be made payable to? Please review for the 2020 Individual Income Tax Instructions, Form D-401, for further guidance. . All grant payments will be issued by check to the address listed on your application or State individual income tax return for 2019 or 2020. The Extra Credit Grant Program is a State program administered by the Department of Revenue. Receiving the Business Recovery Grant. Purchase and storage of PPE and other supplies listed in this section based on projected needs. If you are eligible for the grant and have not received it, you should contact the Department immediately at 1-877-252-4983. Am I eligible for a grant? Payment distribution information is located on the Payments tab. . There is no deadline yet to register for FEMA Public Assistance, but you should still do so as soon as possible to get the reimbursement application process started. 3. For federal tax purposes, the 2019 federal child tax credit is reduced when a taxpayers modified adjusted gross income exceeds $400,000 for individuals who file a joint tax return with their spouse, and $200,000 for all other filing statuses. 5. 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. Eligibility Conditions Required to Receive an Automatic Grant Award. The child is claimed as a dependent on your 2019 federal tax return if you are required to file a return. 2. No. 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. Reporting : On March 30, 2022, Treasury released the February ERA report. What should I do? Applicants must work though and maintain access to the FEMA Grants Portal (as with a natural disaster event) to access funding. Could I apply for an additional grant based on these understated gross receipts? A NCEM Public Assistance grants manager will be assigned to guide you through the reimbursement process and answer any questions. These grants will help us support businesses and workers, so we can emerge from this pandemic stronger than before., We appreciate the fact that this program comes at a time when businesses are working to recover and return to their pre-COVID financial positions, said Secretary Penny. Families earning $15,000 to $30,000 could get $500 grants, with families . If you think your organization meets the criteria to be registered with FEMA, please have an official representative register in the FEMA Grants Portal by going to https://grantee.fema.gov and submitting a New Registration request. 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. 14. March 29, 2022 02:58. How was the grant amount calculated? The application period for the Extra Credit Grant applications closed on July 1, 2021. A lock icon or https:// means youve safely connected to the official website. If you are eligible for the grant, you will receive a one-time payment of $335. On September 29, 2022, the Department mailed checks to all eligible Phase 2 applicants. Grant period: 2021-2024. Thiscomparisonshows the difference between the two phases. What businesses may be eligible for a grant in Phase 2? 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. The grant is not subject to North Carolina income tax. FEMA Public Assistance funding is available for all eligible subrecipients throughout North Carolina who have incurred costs due to emergency measures and protective actions to reduce or eliminate the threat of COVID-19. A business cannot be permanently closed at the time of application for a grant. 3. Is the grant amount shown on Form 1099-G with a Line 3 Grant subject to federal income tax? This includes a business that has taken steps to dissolve or has filed documentation with the Department indicating the business is permanently closed. FEMA Public Assistance COVID-19 Programmatic Project Submission Deadline: December 31, 2022 FEMA Public Assistance funding is available for all eligible subrecipients throughout North Carolina who have incurred costs due to emergency measures and protective actions to reduce or eliminate the threat of COVID-19.
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