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Tax fix for PPP recipients in works; The Baker administration supports tax-amnesty measure for small businesses

Mar 04, 2021 - The Boston Globe

ABSTRACT

Michael Heffernan, the state administration and finance secretary, said the BHaker administration supports a "fix" that would extend the state-tax exemption to pass-through entities.

BODY

Momentum is building on Beacon Hill for a measure that could protect thousands of small businesses from getting hit with a state tax on federal funds they received through the Paycheck Protection Program.

Congress decided that forgiven PPP loans would not be subjec...