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RI BUSINESS
When is a tax actually tax relief? McKee explains his proposal to tax a portion of forgiven PPP loans
Business owners in Rhode Island say the governorâs proposed plan could harm small businesses
By Brian Amaral Globe Staff,Updated April 13, 2021, 5:57 p.m.
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Pink spring blossoms at the Rhode Island State House, surround the dome on a cloudy day.Suzanne Krieter/Globe staff
PROVIDENCE â When he first unveiled his budget plan in March, Gov. Dan McKee distanced himself from one of its more controversial proposals: making forgiven Paycheck Protection Program loans above $150,000 subject to state taxes.