Was I eligible for a grant in Phase 2? Extra credit grant checks may be stamped 'validated for payment if presented to State Treasurer'. The information must have been provided by the requested date listed in your email/letter. The Business Recovery Grant Program is a State program administered by the Department of Revenue. Guide applicants with submitting small and large projects to FEMA that clearly define work done due to COVID-19. The Business Recovery Grant Program issued payments to eligible North Carolina businesses that experienced a significant economic loss due to COVID-19. NCDHHS has leveraged qualified vendors to support COVID-19 testing. Statistics reveal that our businesses have been disproportionately impacted by COVID and incurred significant loss of revenue," said Calvin Patterson, President of the Winston Salem Black Chamber of Commerce. Governor Cooper Announces $51.4 Million in Education - NC Gov. Cooper Extra Credit Grant checks re-validated because of updated mailing addresses may be cashed at any financial institution or businesses that allow check cashing. 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. African American businesses are important to local economies and they support communities through out the state of North Carolina.". Be sure to track all costs as they pertain to COVID-19 and compile any documentation that supports submitted costs (invoices, receipt, narratives, reports, contracts, etc.). If you meet all of the eligibility requirements, you will receive a grant even if your spouse is deceased. The application period closes January 31, 2022. Medical care and transport such as specialty ambulance transports, air evacuation, ventilators, etc. Taxpayers who filed a 2019 state tax return on or before October 15, 2020, but who did not receive an automatic grant payment because the taxpayer did not meet all of the eligibility conditions necessary to receive the grant by the programs original deadline. Small businesses are the backbone of our economy, said Governor Cooper. The following individuals with a qualifying child who was 16 or younger at the end of 2019 who have not already received the grant payment from the NC Department of Revenue may be eligible to receive the grant. If I permanently closed my business after February 28, 2021 but meet the eligibility criteria, am I still eligible to receive the grant? The Department has issued all checks to eligible individuals. The African American Community Engagement grants will be used to fund organizations to build awareness and support for DHHS prevention, testing, contact tracing, and isolation supports initiatives in regions of the state disproportionately impacted by COVID-19. 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,. 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%. The COVID-19 Applicant Briefing webinars provide basic information about the FEMA Public Assistance Program, Grants Portal registration, and resources to help you navigate the reimbursement process. You suffered an economic loss, as the term is defined for the Program, of at least 20%. No. The risk of getting COVID-19 varies between and within communities. Yes. 3. RETOOLNC Grant Program Relaunches for Third Round of Funding - NC DOA The grant amount on Line 3 consists of the grant payments you received from the Business Recovery Grant Program during the year. Last Modified: 02/15/2023. NC Child Care Stabilization Grants - NCDHHS 23. FEMA may provide assistance for the following measures implemented for eligible facilities: If you have any questions concerning this policy and would like to schedule a meeting/call to discuss, please feel reach out to me or your regional NCEM PA Team Lead (contact info attached in map): Western Region Shonda Corbett I have not filed an E-500, Sales & Use Tax Return(s), during the COVID Period. What should I do? For a complete list of business sectors and more information, visit the NAICS website. 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. The application period closes January 31, 2022. Complete Part 1 and Part 3 of Form NC-1105, Application for Extra Credit Grant Program (NC-1105) or; Have a POA or Paid Tax Preparer complete Part 1 and Part 3 of Form NC-1105, Application for Extra Credit Grant Program (NC-1105) or; File an amended 2019 State individual income tax return, correcting line 10a. Businesses classified in NAICS codes 71 and 72 include businesses primarily engaged in the following sectors: Accommodation, Food Services, Arts, Entertainment, and Recreation. File Form NC-1105. The application period for Phase 2 of the Program closed on June 1, 2022. My business started in June 2019 so I dont have gross receipts prior to that date. Economic Relief - NCDOJ 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. Submit a change of address request immediately to provide an updated address for the purposes of receiving the grant. How much time do I have to deposit the check? When will the Department issue grants? Learn more Any federal grant payments received were from a federally administered program on behalf of the U.S. government. Please review for the 2020 Individual Income Tax Instructions, Form D-401, for further guidance. The business is a taxpayer subject to income tax under Article 4 of Chapter 105 of the North Carolina General Statutes. The child is claimed as a dependent on your 2019 federal tax return. 1. Find out more information by visiting the NAICS website. 2. If you are a Historically Underutilized Business (HUB), there may be additional funding available for your business. What is the Business Recovery Grant Program (BRG)? On October 5, 2022, NCDOR mailed letters to applicants that were not approved. If your address has changed, please. A NCEM Public Assistance grants manager will be assigned to guide you through the reimbursement process and answer any questions. Anyone who does not qualify will receive a letter from the Department. The law provides the grant amount of $335 per eligible individual, even if the eligible individual has two or more qualifying children. 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. 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 . . 26. Note: These questions are intended to help you prepare your income tax return if you received a Form 1099-G because a grant was reported to the Internal Revenue Service (IRS). Families earning $15,000 to $30,000 could get $500 grants, with families . An official website of the State of North Carolina, Governor Cooper Encourages Eligible Businesses to Apply for Business Recovery Grant Program, Sign Up Here for Engagement Programs and Updates. You will qualify to receive the grant if you meet all of the eligibility requirements. About Eligibility Application Payments FAQs If you did not file a 2019 federal tax return, the child would be claimed as a dependent on your 2019 federal tax return had you filed a return. Generally, however, all income is taxable for federal tax purposes unless specifically exempted by federal law. Assistance | NC COVID-19 - NCDHHS Appointments are recommended and walk-ins are first come, first serve. You cannot increase the amount of gross receipts reported on Form E-500 or federal Form 1065. Nearly 800 new covid cases reported since last week. If you have not yet received a check or denial letter, please contact the Department at 1-877-252-4983. You cannot appeal this decision. The conditions are dependent on the type of grant. If you were awarded a reimbursement grant (business not classified in NAICS code 71 or 72) please click here for more information. If you do not have a sales and use tax account ID, you must have provided your gross receipts from line 1 on federal Form 1040, Schedule C and attached it to your application for the pre-COVID and COVID periods. Can I provide the information to the Department and be awarded a grant? In order to be eligible for the child grant, an individual who applies for the child grant must be a resident of North Carolina for the entire 2019 calendar year. 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. 1. If all of your business gross receipts for transactions apportioned to North Carolina were reported on Form E-500 or federal Form 1065, then you are ineligible to receive a grant in Phase 2. I chose to operate my business in North Carolina as an S Corporation (a single member LLC taxed as an S Corporation). COVID-19 Funding COVID-19 Funding Overview The pages linked below contain information and resources for recipients of COVID-19 pandemic relief funding that is managed through or overseen by NCPRO. 25. 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. If you are eligible for the grant and have not received it, you should contact the Department immediately at 1-877-252-4983. A hospitality grant is available to an eligible arts, entertainment, or recreation business, as well as an eligible accommodation or food service business such as a hotel, restaurant, or bar (NAICS code 71 and 72). You will need to provide all the information in one sitting. New $273 million fund available to NC homeowners for help with bills. The grant amount is $335 per eligible individual, not for each qualifying child. Grants | NC DPS - North Carolina Department of Public Safety Additional guidance is available on our website in the instructions for the North Carolina income tax returns. 9. 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. A business is eligible for a grant in Phase 2 if it meets specific conditions. No. March 29, 2022 02:58. 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. Governor Cooper Encourages Eligible Businesses to - NC Gov. Cooper The life cycle for Coronavirus Relief Funds for Hospitals and Non-Profits appropriated fund by the North Carolina General Assembly is detailed step-by-step below. (b) Report at least one qualifying child on Line 10a of Form D-400 for calendar year 2019. 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. Registering Your Organization in the FEMA Grants Portal - 4 min. No. Even if it ultimately turns out you do not have reimbursable costs, the RPA is required for your organization to be included and your RPA can be withdrawn if necessary. I have a question about the Business Recovery Grant Program that is not covered in these frequently asked questions. 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. Two types of grants are available to eligible businesses that suffered an economic loss of at least 20 percent during the pandemic: 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. The Department mailed paper checks to grant recipients using the mailing address provided by the applicant on the application. You should have filed one application as the business owner. 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 your business has additional gross receipts that were not reported on Form E-500 or federal Form 1065, then you may have been eligible to apply for an additional grant payment. Phase 2 is closed. "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 . Several area agencies have assistance programs depending on your housing needs -- including if you are currently homeless. You will receive the grant if you meet all of the eligibility requirements, regardless if you owe money to the Department. The current 2021-2022 funding round may award up to $350 million in federal ARPA funding. You could only apply for an additional grant if you had gross receipts not reported on Form E-500 or federal Form 1065, and reported on the following federal forms, provided the gross receipts are for transactions apportioned to North Carolina: 8. Navigate FEMA PA's policies, regulations and laws for Category B work. The Department determined that you were not eligible to receive the grant payment. Governor Andrew M. Cuomo today announced that applications are now open for the $800 million COVID-19 Pandemic Small Business Recovery Grant Program. The law requires you to compare your gross receipts for the period beginning March 1, 2020 and ending February 28, 2021 to the prior 12-month period. If you have not yet received a check or denial letter, please contact the Department at 1-877-252-4983. COVID-19: Current situation - Canada.ca If you submitted an electronic application but do not see a confirmation email, then check your spam email inbox. 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. Reallocation: On March 30, 2022, Treasury published its ERA2 Reallocation Guidance and published a Fact Sheet Summary . Coronavirus Update: Emergency Grants for N.C. A&T Students The Department has mailed checks to all eligible Phase 1 applicants. Grant period: 2021-2024. 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. An applicant must have a minimum of $3,300 of eligible costs (FFY2020) for FEMA to allow a project for cost reimbursement to be written as an emergency protective measure (or Category B work). 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. . Elementary and Secondary School Emergency Relief Fund 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. Note: As FEMA issues additional guidance, eligible expenses could change. 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. Cruise ship with 800 Covid-positive passengers docks in Sydney OT cannot be reimbursable because FEMA assistance has arrived, but regardless of whether FEMA assistance will arrive or not. What is the difference between the Business Recovery Grant Program and a federal stimulus check I received from a federal government program? If you have not yet received a check or denial letter, please contact the Department at1-877-252-4983. Adding Documents in the FEMA Grants Portal - 5 min. The Rescue Emergency Grant Application has closed for the Fall 2021 semester. Purchase and storage of PPE and other supplies listed in this section based on projected needs. Extra Credit Grants The application period for the Extra Credit Grant applications closed on July 1, 2021. The Department of Revenue does not control the amount of the grants. 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. Eligible early care and learning programs may apply at any time. 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. Is the grant amount shown on Form 1099-G with a Line 3 Grant subject to federal income tax? A lock icon or https:// means youve safely connected to the official website. We are here to help through the Coronavirus Aid, Relief, and Economic Security (CARES) Act grant. Under North Carolina law, the Departments determination is final. The application period for Phase 2 closed on Wednesday, June 1. Business Pandemic Recovery Initiative - Empire State Development The benefits will include a one-time wage replacement set at $400 per person, or $800 if the person in isolation has a dependent. 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. For Phase 2, gross receipts are calculated using the sum of the following gross receipts: A business that received a grant in Phase 1 is only eligible for a grant in Phase 2 if ALL of the following are true: The grant amount for a business that received a grant in Phase 1 is a percentage of the amount by which Line 5b is greater than Line 8b. I have misplaced my Form-1099-G with a Line 3 Grant. Learn more about SVOG Restaurant Revitalization Fund Funding for eligible restaurants, bars, and other food service businesses. After mass testing 3,300 passengers, around 800 tested positive for Covid-19, as did a small number of crew, Fitzgerald said. I was not able to submit an application for the grant on or before June 1, 2022. To learn more, view our full privacy policy. This comparisonshows the difference between the two phases. The amended return and any accompanying documents must be postmarked on or before July 1, 2021. Internal Revenue Service interactive tool: Is My Child a Qualifying Child for the Child Tax Credit? Central Region David Gale . 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. . 1. On Form D-400 Schedule AM, fill in the Other circle as the reason for amending your tax return and write in Extra Credit Grant Program as the detailed explanation for the change. Coronavirus Emergency Financial Aid: What Students Should Know The purpose of the grant is to aid eligible North Carolina businesses that suffered substantial economic damage from the COVID-19 pandemic. 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 . The Department of Revenue will issue a 1099-G for the 2022 tax year if you receive a grant payment. Section I: Eligibility and Qualification for the Business Recovery Grant Program, Section II: Completing the Application for the Business Recovery Grant Program, Section III. Legislation signed by the Governor in March 2022, updates the Programs eligibility criteria allowing many additional businesses to apply for the Program. Before you can apply for FEMA public assistance, you must be a registered applicant. If you are eligible for the grant, you will receive a one-time payment of $335. 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.