Commissioner Heather Johnson
Mills Administration Proposes Compromise PPP Tax Solution Providing Full State Tax Relief to Maine Small Businesses Most In Need. Commissioner Heather Johnson gives us an update. Under the proposal, businesses that received $1 million or less in PPP funds would receive from the State the same double benefit that the Federal government recently enacted. For the purpose of State taxes, like Federal taxes, PPP funds would not be treated as taxable income and any allowable associated expenses would also be deductible.
