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PublishedJuly 16, 2024
North Berwick man pleads guilty to defrauding pandemic relief fund of $200,000
Frederick Avery received over $200,000 from the Paycheck Protection Program for a business he no longer owned.
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PublishedApril 21, 2022
Skowhegan man charged with lying for $60,000 pandemic loan is arrested again
Nathan Reardon's bail conditions prevented him from applying for pandemic-related financial assistance without approval from his probation officer.
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PublishedMarch 5, 2021
Deal on state tax exemption implodes as Republicans balk at supplemental budget
Democrats support a bill to reduce tax liability for businesses and individuals who received federal COVID-19 relief loans or benefits, but Republicans are pushing for more.
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PublishedFebruary 9, 2021
Gov. Mills offers compromise to give tax break to 99% of business loan recipients
The proposal would extend full state tax relief to the first $1 million received by small businesses and nonprofits under the Paycheck Protection Program.
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PublishedFebruary 4, 2021
Maine lenders report less demand for latest round of pandemic relief loans
Reduced demand for Paycheck Protection Program loans is likely the result of stricter requirements, other funding options and the recovery of some industries.
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PublishedJanuary 27, 2021
Potential tax on Paycheck Protection Program loans leaves businesses nervous
Under Gov. Janet Mills's budget proposal, Maine businesses would have to pay state income taxes on the forgivable federal loans.
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PublishedJanuary 25, 2021
Mills’ budget proposal would tax Paycheck Protection Program funds as income
The Legislature's tax and budget committees met Monday to hear testimony on a set of proposals by Gov. Janet Mills that could leave some businesses paying state taxes on loans exempt from federal taxes.
PPP
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