Coronavirus Aid, Relief, and Economic Security (CARES) Act<\/a> that will help the gaming industry survive.<\/p>\nThat includes drawing from a $454 billion loan pool to help companies across various industries.<\/p>\n
Other tax relief in the law includes being able to immediately write-off building improvement costs instead of depreciating those costs over a 39-year period. Companies that also retain employees during the closure period qualify for a tax credit of up to $10,000 per employee. Businesses also can defer their portion of Social Security tax payments for the rest of 2020 and instead pay half of that total next year and the remainder in 2022.<\/p>\n","protected":false},"excerpt":{"rendered":"
Casinos in Arkansas and Illinois have received word they will be closed for at least one more month because of the COVID-19 outbreak. On Monday, Dr. Nate Smith, the Arkansas Secretary of Health, announced that the initial two-week closure order he delivered on March 16 would be extended. That came after the US Centers for […]<\/p>\n","protected":false},"author":45,"featured_media":131731,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[18],"tags":[],"acf":[],"yoast_head":"\n
Officials in Arkansas, Illinois Extend Casino Closures Through April<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n