Tag: Paycheck Protection Program
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...
Business leaders painting gloomy picture of PPP taxation
PROVIDENCE – Rhode Island business leaders are painting a gloomy picture for the state if Gov. Daniel J. McKee’s proposal to tax forgivable Paycheck...
Everybody’s Business: He adopted strategy of adapting
(Editor’s note: This is the 10th installment in a monthly series speaking with minority business owners and leaders. Each is asked their views on...
As new deposits slow, bank strategies evolve
The billions of dollars doled out in forgivable small-business loans and personal stimulus checks made their way to recipients through their bank accounts.
The result:...
SBA to release names, funding amounts for second round PPP
PROVIDENCE– Who in Rhode Island got a chunk of the $1 billion in Paycheck Protection Program loans doled out in 2021 will soon be...
McKee opposes levy on sugary beverages; PPP tax threshold under review
PROVIDENCE - Gov. Daniel J. McKee on Tuesday said he opposes legislation in the General Assembly calling for a 1.5-cent-per-ounce tax on bottled and...
Business leaders press fight against PPP taxation
CRANSTON - Rhode Island business leaders recently met with Gov. Daniel J. McKee in their bid to derail his proposal to tax Paycheck Protection...
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