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PPP taxation proposal draws pushback in Senate hearing RHODE ISLAND SENATORS heard testimony on Thursday regarding a bill sponsored by Sen. Sandra Cano that calls for exemption of taxation for forgiven Paycheck Protection Program loans. / PBN FILE PHOTO BY NICOLE DOTZENROD. 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 Program loans that were provided as a federal relief lifeline. The Senate Finance Committee heard testimony regarding article 2 of House bill H.6121 of Gov. Daniel J. McKee’s 2021 supplemental budget calling for taxation of forgiven PPP loans greater than $150,000. PPP loans less than $150,000 would not subjected to taxation under the proposal. ....
Senate confirms controversial appointment to state utility regulating group THE RHODE ISLAND SENATE on Tuesday voted 29-9 to approve John C. Revens Jr. s appointment to a six-year term on the R.I. Public Utilities Commission. / PBN FILE PHOTO/ NICOLE DOTZENROD PROVIDENCE – A controversial appointment to the state’s top energy-regulating body was approved by the R.I. Senate on Tuesday. The 29-9 vote confirms longtime state lawmaker John “Jack” C. Revens Jr. to a six-year term on the R.I. Public Utilities Commission with a $139,000 annual salary. The decision comes after a delayed hearing and strong… Register to keep reading or subscribe today and receive unlimited access. ....