PROVIDENCE – Collection of the 1 percent hotel tax in Rhode Island in September totaled $627,575, an 8.5 percent increase from the year prior, according to the R.I. Department of Revenue Monday.
The increase comes from sources included in the previous expansion of the hotel tax in fiscal 2016: vacation rentals and room re-sellers.
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Of the collection for the month, $468,782 was from hotels, a 4.2 percent decline year over year.
Collections from realtors and homeowners in October grew 76.2 percent to $139,323 from September 2017. Meanwhile, collection from room re-sellers and hosting platforms totaled $19,471, nearly double last year’s $9,905.
The largest municipal allocation of the 1 percent hotel tax in September was in Newport at $155,437, an increase of 7.3 percent year over year from $144,891 (All revenue received for the 1 percent hotel tax are returned to the municipality in which the rental activity occurred).
The largest nominal increase of any municipality in September was in New Shoreham, where allocation increased from $38,180 in September 2017 to $126,101 in September 2018. This was primarily due to an $89,431 increase in realtor and homeowner collections.
Fiscal year to date in September, collections totaled $2.1 million, $1,264 less than the year prior.
Chris Bergenheim is the PBN web editor. Email him at Bergenheim@PBN.com.
