Skowhegan man charged with lying for $60,000 pandemic loan is arrested again

PPP

Published
April 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.
Published
March 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.
Published
February 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.
Published
February 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.
Published
January 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.
Published
January 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.