Two types of grants are available to eligible businesses that suffered an economic loss of at least 20 percent during the pandemic: Secure websites use HTTPS certificates. The Extra Credit Grant Program is a State program administered by the Department of Revenue. You have 180 days from the date the check was written to deposit the check. 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. If the corporation has multiple North Carolina Sales and Use Tax Account IDs under one FEIN, you must have included the sum of the gross receipts reported on your Form E-500s for all of your sales and use tax account IDs. 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,. Yes. Thiscomparisonshows the difference between the two phases. No. 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. If you have not yet received a check or denial letter, please contact the Department at1-877-252-4983. To qualify for the grant, a child must be under the age of 17 (16 or younger) at the end of 2019. 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? If the business is a sole proprietorship, the check will be made payable to the individual operating as a sole proprietorship. I file Form E-500, Sales and Use Tax Return and suffered an economic loss of over 20% during the COVID Period. Acquisition and installation of temporary physical barriers, such as plexiglass barriers and screens/dividers, and signage to support social distancing, such as floor decals. 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. 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. On March 11, 2022, the law was changed to authorize a second phase of applications (Phase 2). As a result, your business may not have suffered a 20% economic loss when comparing the two periods because you had no gross receipts from March 1, 2019 through June 2019. 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. 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. Receiving the Business Recovery Grant. The extra credit grant is a $335 payment to you from the State of North Carolina. 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. All grant payments have been issued by check to eligible individuals. The child did not provide over half of his or her own support for 2019. These funds are to be used to help Raleigh residents affected by COVID-19 for help with rent payments and mortgage payments. 19. These grants are part of North Carolinas efforts to support businesses as they recover from the effects of the COVID-19 pandemic. Whether a grant amount is included in federal gross income is determined under federal law. 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. federal Publication 972, Child Tax Credit and Credit for Other Dependents. The Department mailed paper checks to grant recipients using the mailing address provided by the applicant on the application. The project is being supported, in whole or in part, by federal award number SLRFP0129 awarded to the State of North Carolina by the U.S. Department of Treasury. The business has gross receipts that were not reported on federal Form 1065. 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. A lock icon or https:// means youve safely connected to the official website. The purpose of the grant is to aid eligible North Carolina businesses that suffered substantial economic damage from the COVID-19 pandemic. Federal gross income means all income you received in the form of money, goods, property, and services that isnt exempt from tax. 21. The new Family-Centered Type 2 Diabetes Control and Prevention Initiative aims to test interventions to identify family-centered factors that promote self-management and prevention of Type 2 diabetes among racial and ethnic minority and disadvantaged families who have a member (s) aged 12 and older with Type 2 diabetes . How do I know the Department has received my online application? Before you can apply for FEMA public assistance, you must be a registered applicant. No. I received a grant check. 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. Could I have used my Streamlined Sales Tax Identification Number (SST ID) instead of the NC Sales and Use Tax Account ID? What businesses may be eligible for a grant in Phase 2? Eligibility This includes: Coronavirus Relief Funds (CRF) Local Fiscal Recovery Funds (LFRF) State Fiscal Recovery Funds (SFRF) The Department has issued all checks to eligible individuals. We take seriously our obligation to provide this vital aid in an efficient and expeditious manner., North Carolinas restaurants, hotels and bars saw over $5 billion in losses due to no fault of their own, said Lynn Minges, President and CEO of the North Carolina Restaurant and Lodging Association. No. If you were awarded a reimbursement grant (business not classified in NAICS code 71 or 72) please click here for more information. The child is claimed as a dependent on your 2019 federal tax return if you are required to file a return. 1. In addition, you were required to attach a list of your North Carolina sales and use tax account IDs to your application. My business was denied a grant in Phase 1 because I received a PPP loan (other COVID-19 relief). Learn more about COVID-19 EIDL Shuttered Venues Grant This grant supports eligible venues affected by COVID-19. 13. I received my grant check. 24. The grant is not subject to North Carolina income tax. 2. State Government websites value user privacy. ), Household pet sheltering and containment actions related to household pets in accordance with CDC guidelines, Purchase and distribution of food, water, medicine, and other consumable supplies, to include personal protective equipment and hazardous materials suits, Security and law enforcement which may include barricades and fencing, Communications of general health and safety information to the public. "All positive cases were mildly symptomatic or asymptomatic, and . Economic loss is determined based on the amount the business 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 Business Recovery Grant Program is a State program administered by the Department of Revenue. You should file and pay the E-500 Sales and Use Tax Return(s) for the missing period(s). COVID-19 Health Equity Task Force: Knowledge Center: Minority Population Profiles: . The deadline to apply for the program is January 31, 2022. 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. COVID-19 EIDL This low-interest loan provides help to businesses experiencing revenue loss. Licensed programs are not eligible for ESG funding. 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.. Contact information for the OIG Hotline Here (1-800-MIS-USED; 1-800-647-8733) OIG Hotline Poster. In addition, check to see if the number of qualifying children you reported on line 10a was greater than zero. 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. The business suffered an economic loss of at least 20%. It depends on several factors such as the entity type and whether you reported gross receipts under a sales & use tax account ID or on a federal income tax form. Raleigh, North Carolina 27695. It typically takes FEMA two to three weeks to review and email new organizations about their applications approval. 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%. Medical care and transport such as specialty ambulance transports, air evacuation, ventilators, etc. A reimbursement grant is available to an eligible business not classified in NAICS Code 71 and 72. While checks list the State Treasurer on them, the Department of State Treasurer cannot cash or assist with the checks. The deadline to request assistance has passed. To request a duplicate Form 1099-G with a Line 3 Grant, contact the Department at 1-877-252-3052. I received an email/letter from the Department requesting additional information but missed the deadline to respond. The application window was Jan. 31 - May 4, 2022. State Government websites value user privacy. 16. 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. The state grant check is not a refund of state income tax. 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 law required the Department to close the application period for Phase 2 on or before June 1, 2022. The incident started January 20, 2020 and is ongoing. 5. On October 5, 2022, NCDOR mailed letters to applicants that were not approved. 5. Who will the grant check be made payable to? Each business should have filed separate applications as LLCs because they are LLCs registered to collect and remit sales and use tax with different FEINs. It is a massive economic package - the third in a series provided by the federal government - addressing the effects of the COVID-19 pandemic. 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. 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 you did not receive a federal child tax credit for calendar year 2019 because the federal tax credit was eliminated under federal law, you are not eligible for the grant. Any federal grant payments received were from a federally administered program on behalf of the U.S. government. The business has gross receipts that were not reported on Form E-500. Please note: Applications faxed or mailed to the Department did not receive a receipt confirmation from the Department. . Anyone who does not qualify will receive a letter from the Department. Individuals who did not file a 2019 state tax return solely because the individuals federal gross income for the 2019 taxable year did not exceed the states filing requirements for the individuals filing status for tax year 2019, and who missed the Programs original deadline. I have two businesses that are LLCs in North Carolina. The child was 16 or younger (under age 17) at the end of 2019. 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. If you are a Historically Underutilized Business (HUB), there may be additional funding available for your business. Email sent on February 19 th to students with an ISIR on file and a zero EFC who were registered for SP21 classes. For additional information see the Departments website. 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. 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, Business That Did Not Receive a Grant in Phase 1, Business That Received a Grant in Phase 1. 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. 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. You are a taxpayer subject to North Carolina income tax imposed by Article 4 of Chapter 105 of the North Carolina General Statutes. If I made a mistake on my Phase 2 application or forgot to include an attachment, how can I correct it? FEMA Public Assistance COVID-19 Programmatic Project Submission Deadline: December 31, 2022. The child is your son, daughter, stepchild, eligible foster child, brother, sister, stepbrother, stepsister, half-brother, half-sister, or a descendant of any of them (for example, your grandchild, niece, or nephew). Am I eligible for a grant? This includes a business that has taken steps to dissolve or has filed documentation with the Department indicating the business is permanently closed. Under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), as originally enacted March 27, 2020, the Employee Retention Credit is a refundable tax credit against certain employment taxes equal to 50% of the qualified wages an eligible employer pays to employees. Is there somewhere where I can see the differences between Phase 1 and Phase 2? 20. If you filed a 2019 individual income tax return you can ONLY file Form NC-1105, if you did not previously receive an automatic grant award because you did not report a qualifying child on Line 10a of your timely filed 2019 Form D-400. My business started in June 2019 so I dont have gross receipts prior to that date. If you need help buying food, you may be eligible for FNS benefits. As part of this process, student attests their need is related to the disruption of campus operations due to coronavirus and/or other emergency costs that have arisen due to COVID-19. How should I have filed the applications? 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. Extra Credit Grant checks re-validated because of updated mailing addresses may be cashed at any financial institution or businesses that allow check cashing. Changes to the Program for Phase 2 allow a business to calculate its economic loss using an expanded list of tax forms making the Program available to businesses that do not report gross receipts on Form E-500 or federal Form 1065. A business cannot be permanently closed at the time of application for a 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 . 2. 14. 6. The University of Southern Mississippi has finalized the process for delivering the COVID Relief Aid. The Servicemembers Civil Relief Act provides that a spouse shall neither lose nor acquire domicile or residence in a state when the spouse is present in the state solely to be with the servicemember in compliance with the servicemembers military orders if the residence or domicile is the same for both the servicemember and the spouse. The business is a taxpayer subject to income tax under Article 4 of Chapter 105 of the North Carolina General Statutes. You should verify that you meet all of the eligibility requirements to receive the grant. 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. 2022 Rutherfordton, North Carolina - Henry Neil (Soapy) Castles Sr. 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). However, I am the sole member of the LLCs and the entities are disregarded for federal income tax purposes. Families earning $15,000 to $30,000 could get $500 grants, with families . The federal stimulus check is a refund of federal income tax. The raw number of COVID-19 cases in North Carolina dropped to its lowest point since Wednesday, but the number remains 40 percent higher than one week ago. Click here if you have questions or want to be notified of additional information that could be beneficial to HUB businesses. What do I do? 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. 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. Programs like the Business Recovery Grant program are vital for businesses to grow and thrive in our state., "African Americans faced many financial inequities prior to the COVID 19 pandemic. 7. On April 5, 2021, FEMA issued their COVID-19 Pandemic: Safe Opening and Operation Work Eligible for Public Assistance Policyto define the framework, policy details and requirements for determining the eligibility of safe opening and operation work and costs under the Public Assistance Program. The American Rescue Plan Act (ARP), Congress' most recent package for COVID-19 relief, includes billions of dollars dedicated to infants, toddlers, and children under the age of six. 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. ARP American Rescue Plan Homeless Children and Youth II (ARPHCY II) Allocations ARP ESSER Preliminary Allocations ARP-HCY II Formula Grants 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. No. Section I: Eligibility and Qualification for the Business Recovery Grant Program, Section II: Completing the Application for the Business Recovery Grant Program, Section III. 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. Grants of up to $25,000 were awarded to eligible certified HUBs and DBEs to help them continue to recover from the pandemic. In addition, you were required to attach a list of all of your sales and use tax account IDs to your application. If you have already received the $335 grant, you are not eligible under the new law. No. Therefore, a Phase 2 application cannot be amended at this time. . Students are provided the flexibility to spend grant dollars as they deem appropriate. After completing the Grants Portal registration,complete and submit your Request of Public Assistance (located in the dashboard after you log back in). The Department has issued all checks to eligible individuals. If you were awarded a hospitality grant (business classified in NAICS code 71 or 72) please click here for more information. Attn: Financial Services: Chief Financial Officer Note: If you are eligible to apply for the grant using this method, a paid preparer or an individual who has a valid. 6. The risk of getting COVID-19 varies between and within communities. As required by law, the NCDOR re-opened the application period of the Program because the total amount of grants requested by eligible businesses during the initial application period did not exhaust the $500 million in funds authorized for the Program. 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. In general, a child qualifies you for the federal child tax credit if the child meets all of the following conditions: For more information, see Internal Revenue Code Section 24 or federal Publication 972, Child tax Credit and Credit for Other Dependent. 4. The required RPA submission is the process toformally request inclusion and consideration for cost reimbursement from FEMA. If you are already a registered applicant, you can go directly to the FEMA Grants Portal to apply. With this package, the Governor will launch the Longleaf Commitment program, a $31.5 million investment to guarantee that graduating high school seniors from low- and middle-income families receive at least $2,800 in federal and state grants to cover tuition and most fees at any of the state's 58 community colleges. I have a question about the Business Recovery Grant Program that is not covered in these frequently asked questions. The Internal Revenue Service also provides an Interactive Tax Assistant tool Is My Child a Qualifying Child for the Child Tax Credit? This interactive tool may help you determine if your child is a qualifying child for purposes of the federal child tax credit for tax year 2019.