The federal bureau that approves company expansions and beer labels for out-of-state sales has been closed since Dec. 22, preventing breweries from introducing new releases outside Maine.
taxes
Posted inBusiness, Local & State, Politics
Partial government shutdown leaves some small businesses in tax limbo
Ambiguities in the revised federal code mean self-employed Mainers in the real estate and insurance industries may have to file for an extension or submit best-guess numbers.
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Posted inBusiness, Local & State
Maine investor tax credit likely maxed out on first day
Applications received Wednesday for the Maine Seed Capital Tax Credit would exceed the $5 million annual cap if all were approved.
Posted inBusiness, Local & State
Startup investors camp out for Maine tax credit
The Maine Seed Capital Tax Credit program has become so popular that its overseers are asking the Legislature to triple its budget.
Posted inBusiness
Corporate tax cuts a boon to some Maine companies
However, one publicly traded company in the state says the cut actually will hurt its bottom line.
Posted inBusiness, Local & State, News, Politics
Bill would allow local-option sales tax to help Maine cities raise revenue
Democratic Rep. Mike Sylvester of Portland says the measure would help service center communities pay for public services by exporting cost to tourists.
Posted inElection 2018
What you need to know about the 5 questions on the Nov. 6 Maine ballot
Question 1 would increase taxes to pay for home health care workers; the others are bond issues.
Posted inNation & World, Politics
Trump got $413 million from his father as family dodged taxes, Times report says
The investigation by the New York Times contradicts the president’s story that he made most of his money himself, with only a $1 million loan from his father.
Posted inBusiness, Nation & World, Politics
Democrats use change in tax code as political weapon in key House races
Although the Republican reforms cut taxes for many, candidates in high-income states tell voters that the cap on local and state tax deductions will hit them hard.
Posted inBusiness, Local & State, Politics
New tax law to benefit low-income Mainers, avoid complications for companies
The state has now conformed with the federal tax code, providing $76 million in tax relief for individuals and businesses and making filing easier.