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A REPEAL OF the state and local taxes cap would lower the burden for households earning at least $1 million by $40.4 billion, or 52% of the $77.4 billion in additional tax breaks that the repeal would provide, according to the Joint Committee on Taxation. / BLOOMBERG NEWS FILE PHOTO/MICHAEL NAGLE

SALT cap repeal would be $40B windfall for millionaires

WASHINGTON – More than half of the benefit of repealing the $10,000 deduction cap for state and local taxes would go to millionaires, according...
THE SBA has proposed modifying regulations on how companies calculate their annual average revenue by changing the measured number of years of revenue from three to five years.

SBA proposes rule change for revenue calculations

PROVIDENCE – The U.S. Small Business Administration has proposed modifying its method for calculating annual average revenue for certain small businesses.The shift, according to...
THE AVERAGE price of regular gas in Rhode Island declined 5 cents this week to $2.67 per gallon. / BLOOMBERG FILE PHOTO/AKOS STILLER

Gas prices decline, but refinery explosion could drive them up

PROVIDENCE – The average price of self-serve, regular unleaded gasoline in Rhode Island declined 5 cents this week to $2.67 per gallon, 1 cent...
THE R.I. GENERAL ASSEMBLY passed bills authorizing up to $200 million in GARVEE bonds for the reconstruction of the viaduct that carries !-95 north through downtown Providence. Above, construction on the Providence Viaduct carrying I-95 south. / PBN FILE PHOTO/MICHAEL SALERNO

GA authorizes up to $200M for Providence Viaduct reconstruction

PROVIDENCE – The R.I. General Assembly over the weekend authorized up to $200 million in Grant Anticipation Revenue Vehicle bonds, or GARVEE bonds, for...
THE R.I. COMMERCE CORP. board of directors is scheduled to meet Monday evening to consider $1.9 million in incentives under the Qualified Jobs Incentives tax credit program for GEV Wind Power US LLC to create roughly 125 jobs for work that includes maintenance of the Block Island Wind Farm as well as upcoming wind energy projects. / BLOOMBERG NEWS FILE PHOTO/ERIC THAYER

Commerce RI to consider $1.9M in incentives for wind turbine maintenance...

PROVIDENCE – The R.I. Commerce Corp. board of directors is scheduled to meet Monday evening to consider up to an estimated $1.9 million in...

Providence Safe Stations program sees 100th visitor, city issues $375K in...

PROVIDENCE – Providence Safe Stations, a service that allows people with substance use disorders to seek help at any of the city’s fire stations,...

Newport to launch Safe Stations

NEWPORT – The city has announced that it will be the second municipality in the state to designate its fire stations as points of...

House approves $10B budget that continues car-tax phaseout; expands medical marijuana

PROVIDENCE – The House on Saturday overwhelmingly approved a $9.97 billion spending plan for fiscal 2020 that continues a car-tax phaseout and expands a...
THE OFFICE of the Health Insurance Commissioner has released the proposed health insurance rate changes for 2020.

OHIC reveals proposed insurance rate changes for 2020

PROVIDENCE – Health insurers doing business in Rhode Island have submitted their requests for rate increases for 2020, the R.I. Office of the Health...
THE MEDIAN PRICE of a single-family home in May in Rhode Island was $300,500. / COURTESY R.I. ASSOCIATION OF REALTORS

Median R.I. single-family home price breaks $300K in May

PROVIDENCE – The median price of a single-family home in Rhode Island in May was $300,500, the highest it has ever been, according to...
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