Wednesday, July 28, 2021

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THE R.I. SENATE has passed a bill that would raise the state's minimum wage to $15 per hour by 2025. / PBN FILE PHOTO/ARTISTIC IMAGES

R.I. issues guidance for businesses filing taxes on PPP loans

PROVIDENCE – The R.I. Department of Revenue and Division of Taxation issued tax filing guidance on Monday for businesses that received Paycheck Protection Program...
BUSINESS TAX: Gov. Daniel J. McKee backed a state budget provision that taxes forgivable Paycheck Protection Program loans above $250,000. Rhode Island is one of only 10 states to do so. / AP FILE PHOTO/STEVEN SENNE

Health of the economy must be a priority for pandemic aid...

The federal government continues to dole out local pandemic relief, but spending it well still relies on the sound judgment of state and municipal...

GA passes $13.1B fiscal 2022 budget

PROVIDENCE – The Senate approved a $13.1 billion fiscal 2022 state budget late Thursday by a vote of 30-7 that leaves untouched $1.1 billion...

Senate finance panel approves $13.1B FY2022 budget

PROVIDENCE – The R.I. Senate Committee on Finance approved a $13.1 billion fiscal year 2022 budget on Wednesday with a unanimous 12-0 vote. Committee Chair...

Is the increased $250,000 threshold for state taxation of Paycheck Protection...

State lawmakers are poised to approve a $13.1 billion fiscal 2022 state budget that includes a provision backed by Gov. Daniel J. McKee that...
AT THEIR POST: John and Sarah Cullen behind the counter of their gift shop Solstice on Water Street on Block Island. They’re hoping for a very busy summer. / PBN PHOTO/CASSIUS SHUMAN

BRACING FOR THE WAVE: Tourism industry ready for big rebound, but...

A year ago, John and Sarah Cullen were fearing for the future of their Block Island gift shop. With supply chains choked by the COVID-19...

House passes $13.1B fiscal 2022 budget, includes amendment for PPP-taxed businesses

PROVIDENCE – After some spirited debate, the House on Thursday approved a $13.1 billion fiscal 2022 budget by a vote of 64-10 that was...

More than one way to define ‘profit’ in dispute over PPP...

PROVIDENCE – How many ways are there to define a "profit" in business? When it comes to Rhode Island companies that received forgivable Paycheck...

R.I. Dem. leadership agrees on PPP tax threshold of $250K

PROVIDENCE – Rhode Island's Democratic leadership announced on Thursday that the threshold for taxation on businesses that profited while in receipt of Paycheck Protection...

Key House panel approves $13.1B fiscal 2022 budget

PROVIDENCE – The House Committee on Finance approved a $13.1 billion budget for fiscal 2022 late Thursday night that creates a business tax on...

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