documentation verifying the number of full time equivalent employees on payroll and pay rates including payroll tax filings reported to the IRS and State income, payroll, and unemployment insurance filings;
documentation, including cancelled checks, payment receipts, transcripts of accounts, or other documents verifying payments on covered mortgage obligations, payments on covered lease obligations, and covered utility payments.
certification from a representative of the eligible recipient authorized to make such certifications that:
the documentation presented is true and correct; AND
amount for which forgiveness is requested was used to retain employees, make interest payments on a covered mortgage obligation, make payments on a covered rent obligation, or make covered utility payments;
any other documentation the administrator determines is necessary.
No eligible recipient shall receive forgiveness without submitting to the lender that is servicing the covered loan the documentation required.
The timing of Loan Forgiveness Decision will be no later than 60 days after the date on which a lender receives an application for loan forgiveness from an eligible recipient, the lender will issue a decision on an application.
Any amount which would be includible in gross income of the eligible recipient by reason of forgiveness is excluded from gross income.