My congressman, Bruce Poliquin, is always talking about wanting to help small business owners. What my small business in rural Maine needs is customers, not tax breaks. Few small businesses, such as mine, pay much in corporate taxes because we are making very little in profit. Almost everything goes back into the business. The biggest, […]
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Posted inMaine, sj-web
Maine legislators may modify or end Pine Tree tax break program
AUGUSTA — Maine lawmakers are considering whether to extend or do away with a $12 million tax-break program for Maine businesses that was meant to create new jobs but lacks accountability. The Legislature’s Taxation Committee on Monday reviewed a report by the Office of Program Evaluation and Government Accountability that found some companies have gained […]
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Posted inBusiness, sj-web
Maine budget task force proposes eliminating $40 million in tax breaks
AUGUSTA — Democrats in the Legislature call a plan submitted to the budget-writing Appropriations Committee on Thursday a roadmap to closing $40 million worth of tax breaks — largely ones for businesses. Republicans quickly labeled it a scheme to increase taxes by $80 million. Sen. Anne Haskell, D-Portland — co-chairwoman of a special task force […]
Posted inMaine, sj-web
Task force seeks to end $40 million in tax breaks to avoid more deep cuts to revenue sharing
AUGUSTA — Pressure is growing on the panel tasked with finding $40 million of savings in the budget in order to avert further reductions in revenue sharing that some have said would decimate municipalities around the state. From a distance, it might look easy. There are billions of state revenue dollars lost to tax expenditures […]
Posted inMaine, sj-web
Maine lawmakers to review tax breaks, exemptions to find $40 million in savings
AUGUSTA (AP) — Maine lawmakers, economists and tax experts will meet this month in an attempt to find savings in tax breaks to avoid further reductions to municipal revenue sharing. A task force, which meets for the first time Sept. 16, was created as part of the state budget and has been tasked with finding […]