Local 1% meal, beverage tax collections decline in Feb.

THE LOCAL 1 PERCENT meal and beverage tax collections are down year over year the Department of Revenue reported Thursday. / COURTESY R.I. DEPARTMENT OF REVENUE
THE LOCAL 1 PERCENT meal and beverage tax collections are down year over year the Department of Revenue reported Thursday. / COURTESY R.I. DEPARTMENT OF REVENUE

PROVIDENCE – The local 1 percent meal and beverage tax collections decreased 12.8 percent year over year in February, marking a 0.1 percent fiscal year-to-date growth through February, the R.I. Department of Revenue reported Thursday.

While an increase, the fiscal year-to-date February growth of 0.1 percent is far less than the February growth of 8.4 percent recorded in 2016 for fiscal year growth through February. R.I. DOR director Robert S. Hull noted that the month-to-month decrease in collections at -11.7 percent was below the 3.0 percent month-to-month growth recorded in February 2016.

Local meal and beverage tax collections fell from $1,700,759 recorded in January 2017 to $1,501,480 in February 2017, a difference of $199,278 or -11.7. On a statewide basis, February 2017 local meal and beverage tax collections totaled $1.50 million, 12.8, or $219,430 less than the $1.72 million recorded for February of last year.

Year over year, Bristol had the largest percentage increase in local 1 percent meal and beverage tax collections at 139.4 percent. Hopkinton had the largest percentage decrease at -100.0 percent.

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Bristol also had the largest nominal increase in collections year-over-year at $34,272. Providence had the largest nominal decrease again this month at $69,110.

East Greenwich saw the largest percentage and nominal increase in collections over the fiscal year at 29.9 percent, and $131,874. Scituate experienced the largest percentage decrease over the fiscal year, at -32.1 percent. Again, Providence experienced the largest nominal decrease over the fiscal year – $66,532.

Nicole Dotzenrod is a PBN staff writer.

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