DOR: Hotel, meal, beverage tax collections rise in August

THE R.I. DEPARTMENT OF REVENUE reported that 1 percent hotel, meal and beverage tax collections increased year over year in August. / COURTESY R.I. DEPARTMENT OF REVENUE
THE R.I. DEPARTMENT OF REVENUE reported that 1 percent hotel, meal and beverage tax collections increased year over year in August. / COURTESY R.I. DEPARTMENT OF REVENUE

PROVIDENCE – Local 1 percent hotel, meal and beverage tax collections increased year over year in August, the state Department of Revenue said Wednesday.
Hotel tax collections increased 4.9 percent year over year, to $548,266 from $522,581.
“The year-over-year increase for August 2015 was good, but not spectacular. Of course, a year-over-year increase is far better than a year-over-year decrease,” Acting Director of Revenue David M. Sullivan said in a statement.
Comparing the first two months of the fiscal year to the same period last year, hotel tax collections “remain very strong,” growing 13.9 percent, to $1,083,037 from $950,873, Sullivan said.
He said Newport was the strongest performing municipality in August for hotel tax collections on a month-to-month, year-over-year and fiscal year-to-date over fiscal year-to-date basis.
The local 1 percent hotel tax is collected on the rental of rooms in the state, and remitted in full to the municipality in which the room rental was located. Like the hotel tax, the 1 percent meal and beverage tax is collected on the sale of a meal or beverage prepared away from home, and remitted to the municipality in which it was consumed.

Meal and beverage tax collections increased nearly 8 percent year over year to $2.6 million, and 7 percent on a fiscal year-to-date over fiscal year-to-date basis, to $5.2 million.

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