The Governor’s office announced this week that California will provide temporary tax relief for eligible businesses impacted by COVID-19 restrictions. The temporary tax relief offers:
- An automatic three-month income tax extension for taxpayers filing less than $1 million in sales tax.
- An extension of the availability of existing interest and penalty-free payment agreements to companies with up to $5 million in taxable sales.
- Expanded interest-free payment options for larger businesses particularly affected by significant restrictions on operations based on COVID-19 transmissions.
In addition to this tax relief, the state announced a $500 million COVID Relief Grant program. You can receive updates about this and other business developments and resources by signing up for Get Digital California. The Sonoma County Economic Development Board will also disseminate information about these resources to local businesses as soon as it is available.