Restaurant, 1% hotel taxes post YTD, year-over-year gains in Dec.

HOTELS AND RESTAURANTS have surpassed activity through the first six months of fiscal 2015, according to the state Department of Revenue, based on collections of the meal and beverage tax, as well as the 1 percent local hotel tax. / COURTESY R.I. DEPARTMENT OF REVENUE
HOTELS AND RESTAURANTS have surpassed activity through the first six months of fiscal 2015, according to the state Department of Revenue, based on collections of the meal and beverage tax, as well as the 1 percent local hotel tax. / COURTESY R.I. DEPARTMENT OF REVENUE

PROVIDENCE – Meal and beverage tax collections from local restaurants totaled just under $1.77 million in December, an increase of 7.8 percent compared with the $1.64 million collected in December 2013, the R.I. Department of Revenue reported Monday.
The local 1 percent hotel tax collections also increased in December, 9.3 percent year over year to $149,503.
Rhode Island’s meal and beverage tax requires all restaurants in the state to charge a 1 percent local tax on the sale of all meals and beverages. The local hotel tax requires hotels to charge a 1 percent tax on all transactions. The tax collections represent a gauge of restaurant and hotel activity in Rhode Island for specified periods.
On a month-to-month basis, meal and beverage tax collections fell 1.6 percent from $1.80 million in November to $1.77 million in December, while hotel tax collections declined 35.3 percent, from $231,231 in November to $149,503 in December.
The state agency reported year-to-date increases, however, of 7.8 percent for meal and beverage tax collection – from $11.64 million in fiscal 2014 to $12.50 million in fiscal 2015 – and 8.1 percent for hotel tax collections, from $1.94 million in fiscal 2014 to $2.1 million in fiscal 2015.

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