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Local hotel tax collections rose significantly in July

PROVIDENCE, R.I. -- The Rhode Island Department of Revenue today released its FY 2018 Local 1.0 Percent Hotel Tax Collections Report for July 2017. The Local 1.0 Percent Hotel Tax Collections Report, which is issued on a monthly basis, compares the collections from the state's local 1.0 percent hotel 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 hotel tax is collected on the rental of rooms in the state and remitted, in full, to the municipality in which the room rental was located.

Expansion of the Local 1.0 Percent Hotel Tax Base The July 2017 report includes the local 1.0 percent hotel tax collections generated by the rental of lodging via hosting platforms and by on-line travel companies (room resellers) and vacation home rentals by homeowners and realtors for all municipalities other than the City of Newport. For the City of Newport, local 1.0 percent hotel tax collections from these rentals covers only July 2017 and not July 2016.

Highlights from the report as noted by Director of Revenue Mark A. Furcolo were Local 1.0 percent hotel tax collections were up significantly between July and June 2017, growing at a rate of 49.6 percent; o July 2017 cash collections include $163,250 in receipts attributable to the local 1.0 percent hotel tax base expansion vs. $68,727 accounted for in June 2017; Year-over-year and fiscal year-to-date over fiscal year-to-date increase in local 1.0 percent hotel tax collections for July 2017 was solid at 9.8 percent and below the 17.7 percent year-over-year increase posted in July 2016; o Year-over-year and year-to-date FY 2018 local 1.0 percent hotel tax collections through July incorporate $163,250 of receipts generated from the local 1.0 percent hotel tax base expansion vs. $112,374 recorded in July 2016.

The entire report can be found on the Department of Revenue's web site at http://www.dor.ri.gov/revenue-analysis/2018.php under the Local Reports tab. The full report includes the break down by municipality of local hotel 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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