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R.I. House Finance Committee debates tax credit on SBA-backed loans
Full Story: R.I. House Finance Committee debates tax credit on SBA-backed loans Source: Providence Journal, January 24th, 2009 Author: Neil Downing Added on January 24th, 2009 at 12:26 pm, by Matt Mikula
A key piece of Governor Carcieri’s economic stimulus plan for small business received a cool reception at a State House hearing yesterday.
At issue is a state tax credit that small businesses could use to help cover the cost of a fee they pay related to loans that are guaranteed by the U.S. Small Business Administration.
The proposed tax credit is part of a plan that Carcieri unveiled last month to help small- and mid-sized companies cope with the national recession and credit crunch.
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