Miles & Stockbridge – On March 5, 2020, Maryland Governor Larry Hogan proclaimed a state of emergency related to COVID-19. Pursuant to that proclamation, Governor Hogan and the Office of the Comptroller of Maryland (the “Comptroller”) have taken various actions to provide Maryland citizens with tax and reporting relief. Additionally, on March 23, 2020, Governor Hogan authorized $130 million in funding for the Maryland COVID-19 Emergency Relief Fund Programs for Small Businesses (the “Relief Fund”) and $7 million in funding for the COVID-19 Layoff Aversion Fund (the “Layoff Aversion Fund”). The Relief Fund provides small businesses impacted by the negative economic effects of COVID-19 with working capital to support payroll, rent, mortgage, utility or other similar expenses normally incurred during the ordinary course of business. The Layoff Aversion Fund is intended to prevent or minimize the duration of unemployment for Maryland workers.
