of the CARES Act, as amended by the preceding provisions of this Act, is further amended by adding at the end the following new paragraph: (3) Coordination with government grants Qualified wages shall not be taken into account under this section to the extent that grants (or similar amounts) are provided by the Federal government for purposes of paying or reimbursing expenses for such wages. . (l) Effective date The amendments made by this section shall take effect as if included in section 2301 of the CARES Act. 202. Certain loan forgiveness and other business financial assistance under CARES Act not includible in gross income (a) United States Treasury program management authority For purposes of the Internal Revenue Code of 1986, no amount shall be included in gross income by reason of loan forgiveness described in section 1109(d)(2)(D) of the CARES Act. (b) Emergency EIDL grants For purposes of the Internal Revenue Code of 1986, any advance described in section 1110(e) of the CARES Act shall not be included in the gross income of the person that receives such advance. (c) Subsidy for certain loan payments For purposes of the Internal Revenue Code of 1986, any payment described in section 1112(c) of the CARES Act shall not be included in the gross income of the person on whose behalf such payment is made. (d) RESTAURANTS Grants For purposes of the Internal Revenue Code of 1986, any grants (or similar amounts) made to an eligible entity under the RESTAURANTS Act of 2020 shall not be included in the gross income of such entity. (e) Effective date (1) Subsections (a), (b), and (c) shall apply to taxable years ending after the date of the enactment of the CARES Act. (2) Restaurants grants Subsection (d) shall apply to taxable years ending after the date of the enactment of the RESTAURANTS Act of 2020. 203. Clarification of treatment of expenses paid or incurred with proceeds from certain grants and loans (a) In general For purposes of the Internal Revenue Code of 1986 and notwithstanding any other provision of