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Democrats signal majority budget plan in the works for Maine
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La lawmakers prepare to deal with billions in federal dollars
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In late-night deal, lawmakers agree on budget bill providing tax relief to Maine businesses
An agreement to add $8 million to the state s rainy day fund and study the impact of extending tax cuts on income from exporting products tied to intellectual assets helped shore up Republican support in the House.
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AUGUSTA Democratic and Republican lawmakers reached a late-night deal Thursday that provides income tax breaks to more than 28,000 businesses and 160,000 workers who were unemployed during the COVID-19 pandemic.
House Speaker Ryan Fecteau, D-Biddeford, top, and Clerk of the House Robert B. Hunt work on the rostrum during Thursday’s legislative session at the Augusta Civic Center.
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AUGUSTA Democratic and Republican lawmakers reached a late-night deal Thursday that provides income tax breaks to more than 28,000 businesses and 160,000 workers who were unemployed during the COVID-19 pandemic.
House Speaker Ryan Fecteau, D-Biddeford, top, and Clerk of the House Robert B. Hunt work on the rostrum during Thursday’s legislative session at the Augusta Civic Center.
Joe Phelan/Kennebec Journal
Disagreement over a proposed supplemental state budget bill on Thursday had left a $100 million state tax exemption for federal Paycheck Protection Program loans in limbo. With tax filing deadlines looming and tensions high during just the second full meeting of the new Legislature, House Republicans yielded on their demands to conform Maine’s tax law completely with the federal tax code late Thursday.
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