Hotel tax collections grow in June, fiscal YTD

ONE PERCENT and five percent hotel tax revenue increased in June and over the fiscal year, the state Department of Revenue said Thursday.
ONE PERCENT and five percent hotel tax revenue increased in June and over the fiscal year, the state Department of Revenue said Thursday.

PROVIDENCE – One percent hotel tax collections increased 6.5 percent over the year in June, and nearly 18 percent over the fiscal year, the state Department of Revenue said Thursday.
Collections in June alone amounted to $419,452 compared with $393,701 in June 2015, while collections grew to $4.1 million in the fiscal period that ended June 30, compared with $3.4 million in the prior year fiscal period. The DOR said the fiscal year growth more than doubled the previous fiscal year over fiscal year comparison.
This tax is remitted in full to the municipality in which the room rental took place.
The state agency also released its report on 5 percent hotel tax collections in June.
Five percent hotel tax collections grew 4.4 percent, to $2.1 million in June from nearly $2 million in June 2015, and increased 12.5 percent, to $19.4 million in the fiscal period that ended June 30 compared with the same period in fiscal 2015.
This tax is distributed between regional tourism districts, municipalities, R.I. Commerce Corp. and the Providence Warwick Convention & Visitors Bureau.
In the month of June, regional tourism districts received the largest amount from the tax, at $859,583, followed by municipalities at $513,655; Commerce RI at $431,470; and the PWCVB at $249,912.
During the fiscal year period, regional tourism districts received $7.6 million, while municipalities received $4.6 million; Commerce RI, $4.6 million; and the PWCVB, $2.4 million.

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