Frederick Avery received over $200,000 from the Paycheck Protection Program for a business he no longer owned.
PPP
Posted inLocal & State, Maine Crime, News
Maine man pleads guilty to defrauding pandemic programs of more than $300,000
The Levant man used some of the relief money to post bail and hire a defense attorney after being charged with felony fraud in a separate Florida case, prosecutors said.
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Posted inLocal & State
Skowhegan man charged with lying for $60,000 pandemic loan is arrested again
Nathan Reardon’s bail conditions prevented him from applying for pandemic-related financial assistance without approval from his probation officer.
Posted inBusiness, Local & State, News, Politics
Deal on state tax exemption implodes as Republicans balk at supplemental budget
Democrats support a bill to reduce tax liability for businesses and individuals who received federal COVID-19 relief loans or benefits, but Republicans are pushing for more.
Posted inMaine Voices, Op-Eds, Opinion
Maine Voices: Conforming to federal PPP law will help Maine’s strapped small businesses
If the Legislature will not protect all taxpayers, they should at least implement Gov. Mills’ suggestion and protect those who borrowed less than $1 million.
Posted inEditorials, Opinion
Our View: Gov. Mills offers fair deal on tax issue
Republicans in Augusta should accept a compromise that gives them 99% of their demands.
Posted inBusiness, Local & State
Gov. Mills offers compromise to give tax break to 99% of business loan recipients
The proposal would extend full state tax relief to the first $1 million received by small businesses and nonprofits under the Paycheck Protection Program.
Posted inBusiness, Local & State
Maine lenders report less demand for latest round of pandemic relief loans
Reduced demand for Paycheck Protection Program loans is likely the result of stricter requirements, other funding options and the recovery of some industries.
Posted inEditorials, Opinion
Our View: Legislature can find a better way to help Maine’s small businesses
Not all PPP recipients are struggling small companies that need extra help from the state.
Posted inBusiness, Morning Sentinel
Potential tax on Paycheck Protection Program loans leaves businesses nervous
Under Gov. Janet Mills’s budget proposal, Maine businesses would have to pay state income taxes on the forgivable federal loans.