Uncertainty remains around $1 million lobbying limit; 501(c)(3) associations that received loan in 2020 can apply for a second loan
Jan. 22, 2021
By Kathryn Walson
After advocating for access to the Paycheck Protection Program for nearly nine months, 501(c)(6) associations that meet certain criteria are now eligible for PPP loans.
Deborah Hamlin, CEO of the Irrigation Association, said a forgivable PPP loan would make a “significant difference” for the 501(c)(6) group. (Tax-exempt groups organized under section 501(c)(6) of the tax code include trade associations and chambers of commerce.) Lost revenue in 2020 led Hamlin to lay off six of 24 full-time employees and reduce salaries. The association is currently moving to a smaller office space.