The back-and-forth over whether Maine should tax certain PPP loans continues.
The latest salvo came from the Maine State Chamber of Commerce, which urged the state Legislature to forego a tax on Paycheck Protection Program loans for businesses of all sizes.
Gov. Janet Mills, responding Tuesday to earlier criticism over a proposal to tax all PPP loan recipients, offered a compromise to tax only businesses that received more than $1 million in the pandemic relief loans which would affect 251 businesses and generate $18 million in much-needed state revenue.
PPP loans are not taxed on a federal level, and many states are wrestling with whether to tax the loans.