'Simply Not Fair': Mass. Lawmakers Push to Erase Taxes on PPP Loans – NECN
Updated on January 22, 2021 at 10:22 pm NBC Universal, Inc. Thousands of business owners in Massachusetts could get a reprieve from surprise tax bills attached to their emergency coronavirus relief. As the NBC10 Boston Investigators first reported, the state of Massachusetts will assess a 5% tax on money that many business owners received last year through the federal governments Paycheck Protection Program. At Signarama in Braintree, Massachusetts, for example, a PPP loan allowed owner Michael...
Source: necn.com