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Maine Governor's Proposed Supplemental Budget


Tuesday, January 26, 2021
Maine Governor Janet Mills submitted a supplemental budget, as amended by a change package submitted on January 25, 2021. The supplemental budget is notable for its retroactive conformity to the Internal Revenue Code (IRC) as of December 31, 2020, and for its nonconformity to significant tax relief provisions enacted as part of the CARES Act and the Consolidated Appropriations Act, 2021 (CAA).
Of particular significance, the supplemental budget would decouple from the portion of these federal laws that excludes the forgiven portion of a Paycheck Protection Program (PPP) loan from a taxpayer’s federal taxable income and allows an otherwise available deduction for business expenses paid with forgiven loan proceeds. Our recent client alert, Congress Passes New and Additional Business, Tax Relief Measures in COVID-19 Stimulus Bill, provides further analysis of the CAA. ....

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Maine Governor's Proposed Supplemental Budget – Federal (Non)Conformity Summarized | Pierce Atwood LLP


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Maine Governor Janet Mills submitted a supplemental budget, as amended by a change package submitted on January 25, 2021. The supplemental budget is notable for its retroactive conformity to the Internal Revenue Code (IRC) as of December 31, 2020, and for its nonconformity to significant tax relief provisions enacted as part of the CARES Act and the Consolidated Appropriations Act, 2021 (CAA).
Of particular significance, the supplemental budget would decouple from the portion of these federal laws that excludes the forgiven portion of a Paycheck Protection Program (PPP) loan from a taxpayer’s federal taxable income and allows an otherwise available deduction for business expenses paid with forgiven loan proceeds. Our recent client alert, Congress Passes New and Additional Business, Tax Relief Measures in COVID-19 Stimulus Bill, provides further analysis of the CAA. ....

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San Francisco Issues Mandatory COVID-19 Travel Quarantine


Thursday, December 31, 2020
On December 16, 2020, the San Francisco Department of Public Health (SFDPH) issued Order of the Health Officer No. C19-17 due to a surge in COVID-19 cases that the department said could quickly “overwhelm hospitals” in the county, as well as the rest of California, unless the City took measures to try to control the virus’ spread. With some exceptions, the order requires “every person who travels to, moves to, or returns to the County [of San Francisco] after having been in any location outside of the Bay Area” to quarantine for a period of 10 days (240 hours) from a person’s time of arrival in the county. The order defines “Bay Area” to include the following counties: Alameda, Contra Costa, Marin, Napa, Santa Clara, Santa Cruz, San Francisco, San Mateo, Solano, and Sonoma. ....

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