Nov. sees rise in 1% meal and beverage tax collections

COLLECTIONS OF THE 1 percent meal and beverage tax in Rhode Island have increased 11.4 percent year over year through the first six months of fiscal 2018 to $15.2 million. / BLOOMBERG FILE PHOTO/LUKE MACGREGOR
COLLECTIONS OF THE 1 percent meal and beverage tax in Rhode Island have increased 11.4 percent year over year through the first six months of fiscal 2018 to $15.2 million. / BLOOMBERG FILE PHOTO/LUKE MACGREGOR

PROVIDENCE – Collection of the local 1 percent meal and beverage tax totaled $2.1 million in November, an 8.5 percent year-over-year increase, the R.I. Division of Taxation announced Thursday.

Westerly meal and beverage collections experienced the largest nominal increase of collection year over year, increasing $57,121 to $106,639.

Providence collected the most 1 percent meal and beverage tax of any municipality in Rhode Island with $483,485 in November, followed by Warwick at $231,039.

Fiscal year-to-date, 1 percent meal and beverage collections in Rhode Island totaled $13.2 million, a 11.9 percent increase year over year. Providence also collected the most one percent meal and beverage tax fiscal year to date at $2.6 million. Providence also experienced the largest uptick in collections year over year, increasing $392,191 from November 2016. Newport saw the second-largest collections year to date, with $1.4 million, which represented a 12.5 percent increase.

- Advertisement -

Chris Bergenheim is the PBN web editor.

No posts to display