AN IMPORTANT MESSAGE FROM PRESIDENT JOHN T. NICCOLLAI - 3-27-2020

AN IMPORTANT MESSAGE FROM PRESIDENT JOHN T. NICCOLLAI
FRIDAY, MARCH 27, 2020

STIMULUS CHECKS FOR AMERICAN HOUSEHOLDS
PASSED BY CONGRESS

President Niccollai reported today that President Trump is expected to sign the $2 trillion Economic Rescue Plan, which includes stimulus checks of up to $1,200.00 for qualified adults and up to $500.00 for qualified children under 16.

Single adults with adjusted gross incomes of $75,000.00 or less would get the full amount ($1,200.00) and married couples with no children earning less than $150,000.00 would receive $2,400.00.  Above these income figures, the payment amount decreases until it stops for single people earning $99,000.00 or married people earning $198,000.00.

Payments can expect to be received in approximately three weeks, according to the Government, and there is no need to apply since the payments would be distributed by the IRS directly to a bank account.

We view this money as a basis to help stimulate the economy and to assist the businesses now closed as they begin to open and address the needs for consumer purchases.