Now eligible for PPP, 501(c)(6) groups seek payroll funds
- January 22, 2021 |
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Kathryn Walson
Uncertainty remains around $1 million lobbying limit; 501(c)(3) associations that received loan in 2020 can apply for a second loan HamlinAfter advocating for access to the Paycheck Protection Program for nearly nine months, 501(c)(6) associations that meet certain criteria are now eligible for PPP loans.Deborah Hamlin, CEO of the Irrigation Association, said a forgivable PPP loan would make a "significant difference" for the 501(c)(6) group. (Tax-exempt groups organized under section 501(c)(6) of the tax code include trade associations and chambers of commerce.) Lost revenue in 2020 led Hamlin to lay off six of 24 full-time employees and reduce salaries. The association… Read More
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