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Bipartisan Proposal for Coronavirus Aid, Relief, and Economic Security Act (CARES Act) – Analysis of Certain Key Tax-Related Provisions
A bipartisan agreement for the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), commonly referred to as Phase 3 of the federal government’s response to the coronavirus outbreak, was passed by the Senate on March 25, 2020. This version updated a prior Senate bill introduced on March 18, 2020. The vote was unanimous (96-0) of those present.