The most recent COVID-19 relief bill, the American Rescue Plan Act (ARPA), was signed into law on March 11, 2021. ARPA includes a PPP loan application deadline extension, an employee retention tax credit extension, and an FFCRA paid sick and family leave tax credit extension. It also contains a much-anticipated COBRA premium subsidy, pension plan funding relief, and several employer and employee protections for those hit hard by COVID-19. This article shares more detail about how ARPA affects nonprofit employers.
