Tag: Taxation
Airbnb remits record $6M in 2021 tax revenue to R.I.
PROVIDENCE – Airbnb, an online rental hosting platform, announced on Friday that it remitted a record $6 million in 2021 tax revenue to the...
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...
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...
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