Businesses frustrated by potential PPP taxation

RHODE ISLAND'S House of Representatives is considering legislation that would tax forgiven Paycheck Protection Program loans over $150,000. / PBN FILE PHOTO/NICOLE DOTZENROD
PROVIDENCE - Members of the Rhode Island business community are up in arms over a state budget proposal in the House from Gov. Daniel J. McKee to allow for the taxation of forgivable Paycheck Protection Program loans greater than $150,000. All forgivable PPP loans were originally not going to be taxed at the state level,…

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