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Prospective Payment System (PPS) hospitals are paid based on a standard federal rate that is adjusted by a wage index factor to reflect the relative wage levels in a geographical area. This wage index is updated annually and is a key factor for Medicare hospital reimbursement rates which in turn

Co-authored by Jean McDevitt Bullens Note:  This article is one of many that BNN is publishing to cover the tax features of the so-called “Big Beautiful Bill.”  Each one is authored by one of BNN’s own tax professionals.  Our coverage includes a summary article that briefly describes many of the

On July 4, 2025, President Trump signed into law one of the most wide-reaching and controversial pieces of tax legislation in recent history.  It brings to fruition several of Trump’s campaign promises and extends many otherwise expiring provisions of 2017’s Tax Cuts and Jobs Act (“TCJA”), passed during his first

Effective 1/1/2025, Maine is implementing a fundamental change to the way in which tangible personal property (TPP), including electronically downloaded software, is taxed when leased or rented. This is a departure from longstanding practice, but it brings Maine into alignment with most of the other U.S. states relative to the

For tax years beginning on or after January 1, 2025, Maine’s new Dirigo Business Incentives Program (Dirigo Program) provides significant tax credits to qualified business that make eligible capital investments in Maine, or that provide qualified training to their employees in this state. To participate in the program, a business