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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