PG&Co joins the RI Society of CPAs and the Greater Providence Chamber of Commerce in our opposition to the state’s proposed amendment to limit business losses. We have submitted the following letter in support of the thousands of small businesses in Rhode Island that would be adversely affected by the proposed amendment relating to taxes in the Governor’s proposed fiscal year 2021 budget. We encourage our fellow industry peers, and small business owners alike, to communicate to the RI House Committee on Finance your concerns for the financial burden this retroactive provision would cause.
If you have questions about this amendment, please contact us at 401-831-0200. Thank you