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COVID 19 Update 4/27/2021

April 27th, 2021 by

  MN Taxation of PPP Currently, the proposals for treatment of PPP tax forgiveness from the Minnesota House and Senate are different.  The Senate tax bill provides full forgiveness on all PPP loans of any amount, while the House caps the forgiveness at $350,000 per loan.  So, there would be tax liability on any PPP