Tax News Update    Email this document    Print this document  

December 28, 2020
2020-2950

President signs year-end COVID and omnibus legislation

The White House has announced that President Trump December 27 signed the Consolidated Appropriations Act, 2021, which provides roughly $900 billion in coronavirus relief, including many tax and health components, as well as a $1.4 trillion omnibus appropriations package to fund the government through September 2021 that also extends expiring tax provisions and health extenders. After passage of the bill by Congress December 21, President Trump objected to the size of direct payments and other elements of the bill, but ultimately signed.

A statement from the President upon signing is attached below. A Washington Council Ernst & Young Alert summarizing key parts of the bill, "Year-end 2020 COVID & omnibus bill signed into law," is also attached.

Text of the bill is available here.

———————————————
ATTACHMENTS

Year-end 2020 COVID and omnibus bill signed into law

President's statement