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R.I. Department of Revenue releases July 2016 meals and beverage tax collections report

Providence, R.I. --The Rhode Island Department of Revenue today released its FY 2017 Local 1.0 Percent Meal and Beverage Tax Collections Report for July 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 strong at 15.0 percent above the 11.2 percent month-to-month growth recorded in July 2015; Year-over-year increase in local 1.0 percent meal and beverage tax collections for July 2016 was robust at 8.3 percent but less than the 6.3 percent year-over-year growth rate realized in July of FY 2016; The fiscal year-to-date over fiscal year-to-date results for the local 1.0 percent meal and beverage tax are the same as the year-over-year results as July is the first month of the fiscal year.

The entire report can be found on the Department of Revenue's web site at http://www.dor.ri.gov/revenue-analysis/2017.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.

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