Providence, R.I -- The Rhode Island Department of Revenue has released its FY 2016 Local 1.0 Percent Meal and Beverage Tax Collections Report for June 2016. The Local 1.0 Percent Meal and Beverage Tax Collections Report compares the collections from the state's local 1.0 percent meal and beverage tax on a month-to-month, year-over-year, and fiscal year-to-date over fiscal year-to-date basis. The local 1.0 percent meal and beverage tax is collected on the sale of a meal and/or beverage that is prepared away from home. The data contained in the report is for the month in which the meal and beverage sales activity occurred. The receipts generated from this activity were paid to the Division of Taxation the month following the sales activity and distributed to the municipalities the month after receipt by the Division of Taxation.
Highlights from the report as noted by Director of Revenue Robert S. Hull were • Month-to-month increase in local 1.0 percent meal and beverage tax collections was modest at 3.5 percent but ahead of the 2.0 percent month-to-month growth rate recorded in June 2015; • Year-over-year increase in local 1.0 percent meal and beverage tax collections for June 2016 was good at 4.7 percent but less than the 6.6 percent year-over-year growth rate realized in June of FY 2015; • Year-to-date FY 2016 local 1.0 percent meal and beverage tax collections through June were 7.5 percent, 50 basis points more than the same period last fiscal year and marking the second consecutive fiscal year of growth of at least 7.0 percent.
The entire report can be found on the Department of Revenue's web site at http://www.dor.ri.gov/revenue-analysis/2016.php under the Local Reports tab. The full report includes the break down by municipality of local meal and beverage tax collections on a month-to-month, year-over-year, and fiscal year-to-date over fiscal year-to-date basis.
Questions or comments on the report should be directed to Paul Grimaldi, Chief of Information and Public Relations by e-mail at paul.grimaldi@revenue.ri.gov or by phone at (401) 574-8766.