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Maine hospitals, long-term care facilities to share $25M in COVID relief funds

Maine hospitals, long-term care facilities to share $25M in COVID relief funds
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Businesses balk at Mills' proposal to tax PPP loans

Plans by states, including Maine, to tax PPP loans are creating a backlash from businesses.
Under the budget proposal from Gov. Janet Mills, loans proceeds under the federal Paycheck Protection Program would be taxed as ordinary income.
States would use such taxes to compensate for revenue lost in other areas in the past year.
If that part of the budget is approved, Maine could see revenue of $100 million.
The Maine State Chamber of Commerce is among the organizations that have weighed in against that idea, testifying before the state Legislature.
Dana Connors, president and CEO of the chamber, part of the original appeal of the PPP was the aspect of it being a tax-free loan at both the federal and state level. ....

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