The CARES (Coronavirus Aid, Relief, and Economic Security) Act (Public Law No. 116-136) was signed into law on March 27, 2020 in an effort to provide financial help to beleaguered individuals, businesses, health care providers, and state and local governments and to sustain the economy which has plummeted during the COVID-19 outbreak. The legislation employs a mix of grant, loans, loan guarantees, and tax incentives seeking to address the economic problems from all directions. The tax relief provisions comprise a relatively short list of initiatives oriented toward improving the after-tax cash flow of businesses and encouraging them to retain their current workforces.