Under Section 1031 of the Internal Revenue Code, a taxpayer may sell real property (the relinquished property) and replace it with real property of a like-kind (the replacement property) without recognizing tax on the sale if certain requirements are met. Two of those requirements involve deadlines: the taxpayer must identify replacement property within 45 days
On Wednesday, March 18, 2020, the EEOC released updated guidance titled “What You Should Know About the ADA, the Rehabilitation Act, and COVID-19.” The release may be accessed here: https://www.eeoc.gov/eeoc/newsroom/wysk/wysk_ada_rehabilitaion_act_coronavirus.cfm.
Along with some specific new guidance, the EEOC references its 2009 publication titled “Pandemic Preparedness in the Workplace and the Americans with Disabilities Act”
Businesses are scouring their insurance policies for coverage for COVID-19 losses. Among the insurance policies that may provide coverage for such losses are commercial property policies, pollution liability policies, general liability policies, workers’ compensation policies, and employment practices liability policies.
Coverage Under Property Policies (Business Interruption)
Commercial property insurance policies often provide coverage for
Employees who experience a “COBRA-qualifying event” and would otherwise lose group health coverage are entitled to elect to continue their group health coverage under federal law – COBRA. For those employers not covered by COBRA (who have fewer than 20 employees), Louisiana has a group health insurance continuation statute that also allows employees to continue
After midnight on March 14, 2020, the U.S. House of Representatives passed H.R. 6201, a 110 page, bipartisan coronavirus response bill. The House approved the bill on a 363-40 vote and has President Trump’s support. Included in the bill are comprehensive mandated paid leave provisions related to the coronavirus outbreak. The Senate is expected to
Responses to the coronavirus that directly impact employers are making their way through Congress. CBS and other news outlets are reporting on Congressional leaders’ negotiations regarding various measures that will directly impact employers. These measures include paid emergency sick leave and disaster unemployment assistance. See the attached link from CBS News regarding the Congressional response
On March 11, 2020, the World Health Organization (“WHO”), officially declared COVID-19, commonly known as coronavirus, a pandemic with nearly 120,000 confirmed cases in 114 countries and over 4,000 deaths. With the number of cases, deaths, and countries affected expected to climb in the coming days and weeks, the virus’ global impact is extremely uncertain