DOR: 5% hotel tax collections climb in August, fiscal YTD

THE R.I. DEPARTMENT OF REVENUE said 5 percent hotel tax collections climbed nearly 5 percent in August compared with August 2014, and rose nearly 14 percent when comparing the first two months of the fiscal year to the prior year period, the state Department of Revenue said. / COURTESY R.I. DEPARTMENT OF REVENUE
THE R.I. DEPARTMENT OF REVENUE said 5 percent hotel tax collections climbed nearly 5 percent in August compared with August 2014, and rose nearly 14 percent when comparing the first two months of the fiscal year to the prior year period, the state Department of Revenue said. / COURTESY R.I. DEPARTMENT OF REVENUE

PROVIDENCE – Five percent hotel tax collections climbed nearly 5 percent in August compared with August 2014, and rose nearly 14 percent when comparing the first two months of the fiscal year to the prior year period, the state Department of Revenue said Wednesday.
Hotel tax collections increased to $2.7 million in August compared with $2.1 million in August 2014, the state agency said.
On a fiscal year basis, collections rose to $5.4 million from $4.8 million during the previous fiscal period.

Acting Director of Revenue David M. Sullivan said in a statement that hotel tax revenue “grew modestly” year over year in August.
“Even with this modest growth, the state 5 percent hotel tax generated over $580,000 for the Rhode Island Commerce Corporation which will be used to execute a state-level tourism promotion campaign, a high priority of the governor,” Sullivan said.
Sullivan said fiscal year-to-date state hotel tax collections were “strong and a considerable increase over the 6 percent fiscal year-to-date growth realized in August 2014.”

On a fiscal year-to-date basis, state hotel tax collections provided more than $1 million to Commerce R.I.’s tourism promotion and business attraction program, he said.

“The enhanced revenues for tourism promotion and business attraction should pay dividends in future months as visitations increase and out-of-state businesses are made aware of everything Rhode Island has to offer,” Sullivan said.

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