PROVIDENCE – Collection of the 1 percent meal and beverage tax in Rhode Island increased 21.7 percent in January to $2.07 million from $1.7 million one year prior, according to the R.I. Department of Revenue Thursday.
Collections of the 1 percent meal and beverage tax are paid to the R.I. Division of Taxation the month following collections and distributed to the municipalities one month after receipt by the division.
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Providence accounted for the largest allocation of the tax in January with $511,991. The Creative Capital also accounted for the largest year-over-year meal and beverage tax upswing in the state, rising $168,081.
South Kingstown experienced the largest decline of 1 percent meal and beverage tax, falling $19,809 year over year to $58,551.
Fiscal year to date in January, collections of the 1 percent meal and beverage tax increased 12.5 percent, a $1.9 million increase to $17.3 million.
Providence also accounted for the largest fiscal-year-to-date collection of the 1 percent meal and beverage tax in January with $3.6 million, an upswing of $655,280 in fiscal-year-to-date collections year over year. East Greenwich experienced the largest nominal decrease in collections fiscal year to date, falling $128,048 to $405,498.
Chris Bergenheim is the PBN web editor.
