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Selectmen concerned about Route 1 construction project's impact on safety

Selectmen concerned about Route 1 construction project's impact on safety
wiscassetnewspaper.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wiscassetnewspaper.com Daily Mail and Mail on Sunday newspapers.

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Mills' budget proposal would tax Paycheck Protection Program funds as income

Mills’ budget proposal would tax Paycheck Protection Program funds as income
The Legislature s tax and budget committees met Monday to hear testimony on a set of proposals by Gov. Janet Mills that could leave some businesses paying state taxes on loans exempt from federal taxes.
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Maine businesses would have to pay state income taxes on forgivable federal Paycheck Protection Program loans that are not taxed by the federal government under a budget proposal from Gov. Janet Mills.
The administration told the Legislature on Monday that state government could be facing a more than $100 million revenue shortfall if the state were to fully conform with changes to the federal tax code passed by Congress in December. Those changes exempted PPP loans from federal income taxes while allowing businesses to also claim the expenses the loans helped pay for. ....

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State budget fix could hit businesses with unexpected tax expenses

Mills’ budget proposal would tax Paycheck Protection Program funds as income
The Legislature s tax and budget committees met Monday to hear testimony on a set of proposals by Gov. Janet Mills that could leave some businesses paying state taxes on loans exempt from federal taxes.
Share
Maine businesses would have to pay state income taxes on forgivable federal Paycheck Protection Program loans that are not taxed by the federal government under a budget proposal from Gov. Janet Mills.
The administration told the Legislature on Monday that state government could be facing a more than $100 million revenue shortfall if the state were to fully conform with changes to the federal tax code passed by Congress in December. Those changes exempted PPP loans from federal income taxes while allowing businesses to also claim the expenses the loans helped pay for. ....

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Wolf not running for reelection; board accepts audit

JOSEPH CHARPENTIER
Wed, 12/16/2020 - 10:15am
Boothbay Harbor selectmen accepted the town’s audit report Dec. 14 from accountant Fred Brewer, and Selectman Wendy Wolf told the board she will not seek another term.
Said Wolf, “I m going to take a break from serving on the select board after my term ends (in 2021). So, there will be two slots to run for select board and I wanted to let people know so they can start thinking about stepping up to run for election … and make sure we have good representatives for our town government … It s good to mix up and have new leadership now and then.” ....

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