The new plan would exempt the first $1 million in loan proceeds from state taxes, a break that would apply to 99% of the Maine businesses that received PPP funds last year. But over 200 recipients, including some large employers, would still be taxed.
U.S. stocks ended mostly lower on Tuesday, capping a session that saw markets swing between small gains and losses, as momentum for a record-setting market rally slowed.
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It was an uneventful day for London s blue-chip stocks
FTSE 100 up 8 points
Government to introduce new quarantine rules for travellers from red list countries
Airline stocks friendless
5.00pm: FTSE ends just above the flatline
The FTSE 100 closed Tuesday up 8 points, 0.1%, to 6,531, while the FTSE 250 gained 26 points, 0.1%, to 21,113. It has been a directionless trading session as the bullish mood that has been circulating recently has faded, hence why European equity benchmarks are mixed, CMC Markets UK analyst David Madden wrote Tuesday. Volatility is low as there wasn’t much in the way of major macroeconomic news to trigger excitement in one direction or another.
Home → Mills Administration Proposes Compromise PPP Tax Solution Providing Full State Tax Relief to Maine Small Businesses Most In Need
Mills Administration Proposes Compromise PPP Tax Solution Providing Full State Tax Relief to Maine Small Businesses Most In Need
February 9, 2021
The Mills Administration today offered a solution to the Paycheck Protection Program (PPP) tax conformity issue that would extend full state tax relief to more than 99 percent of Maine businesses that received PPP. The proposal would match the Federal government’s double benefit on the first $1 million of PPP received, an approach that would result in full tax relief for Maine’s small businesses who need it most and partial relief to those Maine businesses that received more than $1 million in PPP.
U S Small-Business Optimism Falls in January for Third Consecutive Month - NFIB morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.