PPP Q40

40. Question: Will a borrower’s PPP loan forgiveness amount (pursuant to section 1106 of the CARES Act and SBA’s implementing rules and guidance) be reduced if the borrower laid off an employee, offered to rehire the same employee, but the employee declined the offer?

Answer: No. As an exercise of the Administrator’s and the Secretary’s authority under Section 1106(d)(6) of the CARES Act to prescribe regulations granting de minimis exemptions from the Act’s limits on loan forgiveness, SBA and Treasury intend to issue an interim final rule excluding laid-off employees whom the borrower offered to rehire (for the same salary/wages and same number of hours) from the CARES Act’s loan forgiveness reduction calculation. The interim final rule will specify that, to qualify for this exception, the borrower must have made a good faith, written offer of rehire, and the employee’s rejection of that offer must be documented by the borrower. Employees and employers should be aware that employees who reject offers of re-employment may forfeit eligibility for continued unemployment compensation.



In state of Hawaii Department of Labor online site, please report those who reject such a offer and receive unemployment compensation.


This is how to determine your forgivable amount of PPP loan.

28回の閲覧0件のコメント

最新記事

すべて表示

2021 チャイルドタックスクレジット(BOH より)

以下グーグル翻訳です。 17歳以下の子供が1人以上いる場合は、今年初めに可決されたAmerican Rescue Planの一部である新しい前払い税額控除のおかげで、最大300ドルの新しい月々の支払いを受ける資格があります。 2021年7月15日から、連邦政府は、子供がいる適格な米国の世帯に毎月の児童税額控除の支払いを配布し始めます。支払いは2021年の税金の毎月の前払いであり、6歳未満の子供は最

2021 Child Tax Credit Payments (From BOH)

If you have one or more children age 17 or younger, you may qualify for a new monthly payment of as much as $300, thanks to a new advance tax credit that’s part of the American Rescue Plan passed earl

PPP FORGIVENESS APPLICATION CPB version

For those who need to apply PPP Forgiveness through CPB, please see this and follow instruction. Please find email from CPB title Apply for PPP loan forgiveness. PPP forgiveness application must be do