PROVIDENCE – Combined collections of the local 1% hotel and meal and beverage taxes increased 44.8% year over year in July, the R.I. Department of Revenue said Tuesday.
The monthly collection of the 1% meal and beverage tax totaled $3.2 million in July, an increase from $2.3 million in the same month a year ago. Providence had the largest collection among all municipalities in the state for July at $568,757. The largest nominal increase year over year occurred in Newport, jumping from $181,950 to $436,485.
Harnessing Financial Data for Strategic Decisions in Healthcare
Financial data has immense value. It can tell you the true history of your healthcare…
Learn More
Collection of the 1% hotel tax in July totaled $946,189, an increase of 62.3% year over year. Of that amount, $760,484 came from hotels, $140,690 came from real estate agents and homeowners and $45,015 came from room resellers and hosting platforms.
Newport accounted for the largest collection of the tax in July at $291,734. The city also had the largest nominal increase year over year, increasing $97,130 from one year prior.
