COVID-19 Update NYS

Posted May 26, 2020

Two More Regions to Open:

Long Island and the Mid-Hudson regions look to be on track to open for phase one activity “sometime next week” according to Governor Cuomo; while not providing an exact date, he did say that he’s allowing construction staging to begin in both regions immediately in preparation for next week’s expected approval. Based on what we know, look at Wednesday, May 27 as a target date for Long Island; Mid-Hudson might be a slight bit later than that. Nothing is official; we just want to make sure you’re prepared.

 

As for New York City: Mayor de Blasio continues to talk about how he wants the City open “in June,” but Governor Cuomo was silent today on whether the City is close enough on the required metrics. And the Governor made clear, reiterating that a region doesn’t open until Albany gives the go-ahead.

 

Those regions that opened one week ago for phase one are looking ahead to one week from today (May 29) for the start of phase two, which includes allowing customers to return to retail stores of all size and stripe. We await official guidance from the Department of Health as to the measures that will be required.

 

Sales tax due date extended

Governor Cuomo’s latest Executive Order extends until June 22, 2020 the requirement that a vendor file and pay any sales tax due and owing to the state for the tax quarterly period that ended February 29, 2020.

 

Governor Cuomo has issued an executive order extending the temporary authorization for the Department of Taxation and Finance to accept digital signatures in place of handwritten signatures on documents related to the determination or collection of tax liability. To view the guidance issued, visit N-20-5, Temporary Authorization to Use Digital Signatures on Certain Documents Due to the Novel Coronavirus, COVID-19, Extended.

 

For additional information, visit Tax Department response to novel coronavirus (COVID-19).

 

State loan fund for micro businesses

Governor Cuomo announced this morning a loan program, New York Forward Loan Fund (NYFLF), for businesses with 20 or fewer full-time employees and gross annual revenue of less than $3 million, with pre-application for the Fund to open at noon EDT on May 26, 2020. So sayeth the state: “Priority will be given to industries that have been reopened. This is not a first-come, first-served loan program. Applications will be reviewed on a rolling basis as regions and industries reopen.” All the details for the program are right here at this link: https://esd.ny.gov/economic-recovery-covid-19-loans-small-businesses

 

  • Small businesses and nonprofits must employ 20 or fewer full-time equivalent (FTE) employees;
  • Small businesses must have gross revenues of less than $3 million per year;
  • Nonprofits must provide direct services and have an annual operating budget of less than $3 million per year; and
  • Have not received a loan from either SBA Paycheck Protection Program (PPP) or SBA Economic Injury Disaster Loan (EIDL) for COVID-19 in 2020.

 

Application: https://esd.ny.gov/nyforwardloans-info

Information provided by NYS PHCC Lobbyist.