R.I. 1% meal and bev. tax collection dips Y/Y in Aug.

RHODE ISLAND collection of the 1% meal and beverage tax declined 4.2% year over year in August to $3 million. / BLOOMBERG NEWS FILE PHOTO/CHRIS RATCLIFFE
RHODE ISLAND collection of the 1% meal and beverage tax declined 4.2% year over year in August to $3 million. / BLOOMBERG NEWS FILE PHOTO/CHRIS RATCLIFFE

PROVIDENCE – Collection of the Rhode Island 1% meal and beverage tax in August declined $132,000, or 4.2%, year over year to $3 million, the R.I. Department of Revenue said on Monday.

Fiscal year to date in August, 1% meal and beverage tax collections totaled $6 million, a 1.6% increase from fiscal year-to-date collections one year prior.

The largest collection of the tax among all municipalities in the state was in Providence, where $510,422 was collected for the month. The second-highest collection was in Newport at $397,519. Newport also accounted for the largest nominal increase year over year in 1% meal and beverage tax collection, rising $26,255 year over year.

Pawtucket had the largest nominal decline in collection of the tax, falling $27,695 year over year, to $84,555 in August.

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