The application period closes January 31, 2022. To request a duplicate Form 1099-G with a Line 3 Grant, contact the Department at 1-877-252-3052. 1. The application period for Phase 2 of the Program closed on June 1, 2022. How will I know if I was not approved for a grant? The North Carolina Small Business Impact Grant Program, RETOOLNC, was launched in Fall 2020 to help state certified minority and women-owned businesses disproportionately impacted by COVID-19. On March 11, 2022, the law was changed to authorize a second phase of applications (Phase 2). No, this is not a new grant program. A reimbursement grant is available to an eligible business not classified in NAICS Code 71 and 72. If you did not receive a federal child tax credit for calendar year 2019 because the federal tax credit was eliminated under federal law, you are not eligible for the grant. If the grant is included in federal AGI or federal taxable income, North Carolina allows a deduction for the grant payment on the North Carolina income tax return. Underlegislationsigned into law May 24, 2021, individuals who missed the original Extra Credit grant deadline may be eligible to receive the $335 grant payment. 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. 7. Anyone who does not qualify will receive a letter from the Department. 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. You do have the option to complete the Application for Extra Credit Grant Program (NC-1105) instead of filing an amended return (see above FAQ). Will the grant be included in my North Carolina taxable income? Organizations approved for loans between $150,000 and $10 million $793B Amount Approved $742B Amount Forgiven Includes any accrued interest Number of loans by state About this data This data comes. The grant is not subject to North Carolina individual income tax. 4. No. Note: If you are eligible to apply for the grant using this method, a paid preparer or an individual who has a valid. Will I be eligible to receive the grant if I submit an application after June 1, 2022? My business permanently closed during the COVID Period. Am I still eligible to receive the grant? Otherwise, grant funds will be issued by mailed check. Should I have applied for a grant for each location? GREAT Grant (2021-2022) NCDIT's Broadband Infrastructure Office provides grant funding to private providers of broadband services to facilitate the deployment of broadband service to areas of the state unserved with broadband through the Growing Rural Economic with Access to Technology (GREAT) Grant program. Yes. Payment distribution information is located on the Payments tab. Learn more about SVOG Restaurant Revitalization Fund Funding for eligible restaurants, bars, and other food service businesses. Counties will start at Step 6 since they only needed to apply for the funds. Generally, your NAICS Code should be similar to the Principal Business Code or Professional Activity Code reported on your federal income tax return. You cannot deduct the amount of the grant payment on your 2019 State income tax return instead of filing an application or amending your 2019 State return. Extra credit grant checks may be stamped 'validated for payment if presented to State Treasurer'. Whether the grant is included in federal gross income is determined under federal law. These grants are part of North Carolinas efforts to support businesses as they recover from the effects of the COVID-19 pandemic. You are a taxpayer subject to North Carolina income tax imposed by Article 4 of Chapter 105 of the North Carolina General Statutes. 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. Walk-ins and appointment information. For purposes of eligibility for the grant, spouses who filed a joint 2019 North Carolina individual income tax return are treated as one eligible individual. No. Purchase and storage of PPE and other supplies listed in this section based on projected needs. The NC ESG Program does not allow grantees to use their funding for new construction, renovation, major rehabilitation, or conversion of buildings for use as emergency shelters or transitional housing for the homeless. I was not able to submit an application for the grant on or before June 1, 2022. Last Modified: 02/15/2023. On September 29, 2022, the Department mailed checks to all eligible Phase 2 applicants. COVID Higher Education Emergency Relief III - Rescue Emergency Grants. The maximum amount you can receive is 10% of your net economic loss up to $500,000. If you have not yet received a check or denial letter, please contact the Department at1-877-252-4983. 25. No. Raleigh, North Carolina 27695. FEMA will advise you via email whether or not your organization was approved for Public Assistance funding in future events. Nearly two years into the pandemic and almost a year after Congress approved the aid, funds are finally available to North . The eligibility requirements for Phase 2 depend on the type of grant. Guide applicants with submitting small and large projects to FEMA that clearly define work done due to COVID-19. The Department's determination on grant amount issuance is final. The business is a taxpayer subject to income tax under Article 4 of Chapter 105 of the North Carolina General Statutes. 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. 4. To qualify for a hospitality grant, you must meet all of the following conditions: Your business was classified in NAICS Code 71 or 72 from March 1, 2019 through February 28, 2021. Why isnt there withholding on my Form 1099-G with a Line 3 Grant? If you were awarded a hospitality grant (business classified in NAICS code 71 or 72) please click here for more information. 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. 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. The Program was established in Session Law 2021-180 that was signed by Governor Cooper in November 2021. 1 University Drive Pembroke, NC 28372 . Changes to the Program for Phase 2 allow a business to calculate its economic loss using an expanded list of tax forms making the Program available to businesses that do not report gross receipts on Form E-500 or federal Form 1065. 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. The budget Governor Cooper signed on November 18, 2021 provided $500 million to fund the Business Recovery Grant Program. To receive the grant payment you must complete one of the following options: Whichever option you choose, the application or the amended return must be completed and submitted to the Department on or before July 1, 2021. Legislation signed by the Governor in March 2022, updates the Programs eligibility criteria allowing many additional businesses to apply for the Program. I disagree with the Departments grant amount calculation. In addition, you were required to attach a list of all of your sales and use tax account IDs to your application. The Department determined that you were not eligible to receive the grant payment. I have a question about the Business Recovery Grant Program that is not covered in these frequently asked questions. Why am I receiving a Form 1099-G with a Line 3 Grant? 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. The purpose of the grant is to assist eligible individuals with the additional virtual schooling or child care expenses incurred due to COVID-19. Dissemination of information to the public to provide warnings and guidance about health and safety hazards. 4. An individual that meets all of the eligibility requirements will receive a grant even if the individual died prior to the issuance of the grant. Reporting : On March 30, 2022, Treasury released the February ERA report. Could I apply for an additional grant based on these understated gross receipts? Grants of up to $25,000 were awarded to eligible certified HUBs and DBEs to help them continue to recover from the pandemic. 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. The Internal Revenue Service also provides an Interactive Tax Assistant tool Is My Child a Qualifying Child for the Child Tax Credit? This interactive tool may help you determine if your child is a qualifying child for purposes of the federal child tax credit for tax year 2019. Think Cultural Health: CLAS Behavioral Health Guide: Active OMH Grants: FY 2022 Funding Opportunities: FY 2022 Grant Awards: CIIHE: FY 2021 Grant Awards: FY 2020 Grant Awards: Become a Grant Reviewer: . Depending on the condition the taxpayer failed to meet, the taxpayer may be required to amend their 2019 State return or the taxpayer (or the taxpayers paid preparer) may be allowed to apply for the grant by submitting an application by July 1, 2021. Registering Your Organization in the FEMA Grants Portal - 4 min. FEMA Public Assistance COVID-19 Programmatic Project Submission Deadline: December 31, 2022. In addition, all grant funds have been distributed to eligible applicants. Therefore, a Phase 2 application cannot be amended at this time. Private non-profits shouldbe prepared to provide extra documentation to demonstrate eligibility, including articles of incorporation, charterand bylaws. Contact information for the OIG Hotline Here (1-800-MIS-USED; 1-800-647-8733) OIG Hotline Poster. When to apply: Applications for FY2022 must be submitted to the above address by 10 a.m. on June 6, 2022. Internal Revenue Service interactive tool: Is My Child a Qualifying Child for the Child Tax Credit? 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. 2. Can I dispute the determination? The grant amount on Line 3 consists of the grant payments you received from the Business Recovery Grant Program during the year. If you received an email confirmation with the subject line Completed: Please DocuSign: NC-182 Phase 2 Application for Business Recovery Grant Program, then the Department is in receipt of your electronic application. The Business Recovery Grant Program is a State program administered by the Department of Revenue. The Business Recovery Grant Program issued payments to eligible North Carolina businesses that experienced a significant economic loss due to COVID-19. After completing the Grants Portal registration,complete and submit your Request of Public Assistance (located in the dashboard after you log back in). If you need help buying food, you may be eligible for FNS benefits. To learn more, view our full privacy policy. If you have not yet received a check or denial letter, please contact the Department at 1-877-252-4983. The business has gross receipts that were not reported on Form E-500. Gross receipts not listed on the Form E-500s but reported on your federal Form 1040, Schedule C, Line 1 or Schedule F, Line 9, if applicable, must have been included in the calculation provided the gross receipts are for transactions apportioned to the State. Eligibility Is there somewhere where I can see the differences between Phase 1 and Phase 2? If you did not receive a grant award from the Business Recovery Grant Program, contact the Department at 1-877-252-3052. Click here to Watch the PA Applicant Briefing. This includes: Coronavirus Relief Funds (CRF) Local Fiscal Recovery Funds (LFRF) State Fiscal Recovery Funds (SFRF) Cooper's plan for Extra Credit Grants 2.0 would set aside $250 million to give $250 or $500 grants to families. You were not eligible for the grant payment because you failed to meet at least one of the following requirements: 1. Am I eligible for another grant in Phase 2? Two types of grants are available to eligible businesses that suffered an economic loss of at least 20 percent during the pandemic: What should I do? The law required the Department to close the application period for Phase 2 on or before June 1, 2022. No. The child was 16 or younger (under age 17) at the end of 2019. What is the difference between the Business Recovery Grant Program and a federal stimulus check I received from a federal government program? The IRS has advised the Department that payments from the Business Recovery Grant Program are subject to federal income tax and should be included in the businesss gross income or gross receipts. The application period forPhase 1 closed on January 31, 2022. The grant will be awarded to the business, not individual owners. 6. Email sent on February 19 th to students with an ISIR on file and a zero EFC who were registered for SP21 classes. All grant funds have been distributed to businesses. Whichever parent or guardian has the authority to claim the child on their federal income tax return will have the authority to claim the child on the state income tax return and would be able to receive the grant. 14. No. Yes. In general, a child qualifies you for the federal child tax credit if the child meets all of the following conditions: For more information, see Internal Revenue Code Section 24 or federal Publication 972, Child tax Credit and Credit for Other Dependent. 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. Can I provide the information to the Department and be awarded a grant? 22. Section I: Eligibility and Qualification for the Business Recovery Grant Program, Section II: Completing the Application for the Business Recovery Grant Program, Section III. Section I: Eligibility and Qualification for the Extra Credit Grant Program, Section II: Applying For and Completing the Application for the Extra Credit Grant, Section III: Receiving the Extra Credit Grant. The required RPA submission is the process toformally request inclusion and consideration for cost reimbursement from FEMA. African American businesses are important to local economies and they support communities through out the state of North Carolina.". I have multiple North Carolina Sales and Use Tax Account IDs and file a separate schedule C for each location. I am an LLC with a single owner (a single member LLC). FEMA requires all potential applicants to participant in an Applicant Briefing. If you have not yet received a check or denial letter, please contact the Department at1-877-252-4983. Please review for the 2020 Individual Income Tax Instructions, Form D-401, for further guidance. My business was denied a grant in Phase 1 because I received a PPP loan (other COVID-19 relief). . On April 5, 2021, FEMA issued their COVID-19 Pandemic: Safe Opening and Operation Work Eligible for Public Assistance Policyto define the framework, policy details and requirements for determining the eligibility of safe opening and operation work and costs under the Public Assistance Program. This stamp revalidates the check date for payment or deposit and may be presented to any financial institution or to businesses that allow check cashing. Phase 2 is closed. No. The Department has issued all checks to eligible individuals. The business has gross receipts that were not reported on federal Form 1065. The Department has mailed checks to all eligible Phase 1 applicants. 5. The Extra Credit Grant Program is a State program administered by the Department of Revenue. If your business is permanently closed at the time of the application, you are not eligible to receive a grant. Specifically, you must meet both of the following conditions: Report on Form D-400 for calendar year 2019 that either you or, if filing a joint return, your spouse, was a resident of North Carolina for the entire 2019 calendar year. Receiving the Business Recovery Grant. 3. What are the eligibility requirements for Phase 2 of the Program? However, to amend your return to change line 10a, you must follow the steps below: If you file the amended return by mail, write Extra Credit Grant Program at the top, right hand corner of the 2019 Form D-400. (b) Report at least one qualifying child on Line 10a of Form D-400 for calendar year 2019. Businesses in North Carolina such as sole proprietorships, corporations, partnerships, LLCs and other types of businesses that suffered economic loss during the pandemic may be eligible for a grant in Phase 2. 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. Refer to Section I, Question 13 for the full list of tax forms used to calculate gross receipts for Phase 2. Hours: Monday - Friday 8:00 a.m. - 5:00 p.m. P: 919.515.NCSU (6278) Calendars; MyPack Portal; 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). . The information must have been provided by the requested date listed in your email/letter. Checks will be mailed to qualifying Extra Credit Grant recipients 2-4 weeks after the application is submitted. Additional guidance is available on our website in the instructions for North Carolina income tax returns. 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. Spectrum Awarded GREAT Grant for Rutherford County, North Carolina $13. No. 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,. Yes. Submit documentation to complete the registration process, Management control and reduction of immediate threats to public safety, Disinfection of eligible public facilities, Technical assistance to state, tribal, territorial, or local governments on emergency and management and control of immediate threats to public health and safety, Non-deferrable medical treatment of infected persons in a shelter or temporary medical facility, Temporary medical facilities and/or enhanced medical/hospital capacity (for treatment when existing facilities are reasonably forecasted to become overloaded in the near term and cannot accommodate the patient overload or to quarantine potentially infected persons).