Not all PPP recipients are struggling small companies that need extra help from the state.
PPP
Posted inOp-eds, Opinion
Jim Fossel: Maine Republicans should not budge on PPP tax break
There’s no reason to make small businesses pay any taxes on money they received from the federal government.
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Posted inBusiness
McDonald’s, Dunkin’ and other franchises got $15.6 billion in small-business funds
The SBA identified 75,746 franchise businesses that received loans under the small-business pandemic loan program.
Posted inBusiness, Local & State, News, Politics
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.