Republicans support full conformity; Democrats support Governor’s proposed compromise After several weeks of work sessions, the Joint Standing Committee on Taxation voted along party lines on the supplemental budget bill – LD 42, An Act Making Certain Supplemental Appropriations and Allocations and Changing Certain Provisions of the Law Necessary for the Proper Operations of State Government. The tax conformity debate has escalated during the past few weeks as the state grapples to determine the degree that Maine will, or will not, conform to the income tax changes made by federal government.
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The Maine State Chamber of Commerce urges state legislators to provide full tax conformity on Paycheck Protection Program (PPP) loans for all Maine businesses, regardless of the amount of the loan.
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January 2024
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