American Rescue Plan Act

The American Rescue Plan Act was signed by President Biden on March 11, 2021. The law includes:

• $125 billion for COVID-19 vaccines, treatment and testing
• $1,400 stimulus checks per person for most individuals and families
• Extends additional federal unemployment benefits into September and exempts more than $10,000 in these benefits from federal income tax
• Increases the child tax credit and earned income tax credit
• Extends the tax credit for nonprofits and other employers that voluntarily provide paid sick leave and family leave through September 30, 2021.
• The law also provides funding for food assistance, housing and homelessness prevention, the Paycheck Protection Program, and the Shuttered Venue Operator Grant program, childcare providers, arts and humanities organizations, the Corporation for National and Community Service, and assistance for nonprofits providing services to survivors of domestic violence and sexual assault.

The nonprofit community came together and advocated forcefully to be included in federal relief legislation. The National Council of Nonprofits has put together an analysis of the key provisions related to nonprofits.

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