Regarding the California Small Business COVID-19 Relief Grant Program:
Grants are available only for businesses and nonprofits with gross annual revenue of $5 million or less (based on the most recent tax return or Form 990, as applicable). Revenue is determined based on the IRS tax form definition of “Gross Sales” (less any returns and allowances) as reported on Line 1.c. on both the 1120 (corporate return) or 1120S (S-Corp return); on Line 3 on IRS Schedule C for single member LLCs and sole proprietorships; on Line 1.c. on Form 1065, for partnerships; on Line 1.c. and Line 2 on Form Schedule F for farming businesses; and Line 12 on Form 990 for non-profits. Schedule E is not eligible.
See here for more information. Individuals may have received a Form 1099 reporting income from the grant program.
See here for information about the California Venues grant program. The California Venues Grant Program (the “Program”) will support eligible independent live events venues that have been affected by COVID-19 in order to support their continued operation.
Applicants will receive tax information related to the grant proceeds, which will need to be reported on tax returns.
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