Monday, September 20, 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...

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...

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...
THE RHODE ISLAND BUSINESS COALITION is calling for the business community to mobilize in the fight against proposed income tax legislation. / COURTESY R.I. BUSINESS COALITION

R.I. business community mobilizing against added income tax bracket, PPP tax

PROVIDENCE – The Rhode Island business community is mobilizing to urge the General Assembly to rethink proposed legislation aimed at increasing income taxes on...

McKee standing firm on taxing PPP loans

PROVIDENCE – Gov. Daniel J. McKee is standing firm on his commitment to taxing Paycheck Protection Program loans greater than $150,000. McKee made his position...
RHODE ISLAND HOUSE DEMOCRATS have Rhode Island House of Representatives have elected a new leadership team. / PBN FILE PHOTO BY NICOLE DOTZENROD.

PPP taxation proposal draws pushback in Senate hearing

PROVIDENCE – Rhode Island’s business community let their voices be heard in the R.I. Senate on Thursday in opposition to taxation of Paycheck Protection...

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