R.I. Gen. Laws § 44-14-11 — “Gross income” defined

“Gross income” includes all gains, profits, and income of the taxpayer from whatever
sources derived during the income period; provided, that gains from the sale or other
disposition of any property other than securities shall not be included in gross income,
and losses from the sale or other disposition of any property other than securities
shall not be deducted from gross income. For any taxable year beginning on or after
January 1, 2020, gross income includes the amount of any Paycheck Protection Program
loan forgiven for federal income tax purposes as authorized by the Coronavirus Aid,
Relief, and Economic Security Act and/or the Consolidated Appropriations Act, 2021
and/or any other subsequent federal stimulus relief packages enacted by law, to the
extent that the amount of the loan forgiven exceeds $250,000.