R.I. Department of Revenue releases November 2015 local Meal, Beverage tax report

Providence, R.I. — The Rhode Island Department of Revenue released its FY 2015 Local 1.0 Percent Meal and Beverage Tax Collections Report for November 2015 today. The Local 1.0 Percent Meal and Beverage Tax Collections Report, which is issued on a monthly basis, compares the collections from the state’s local 1.0 percent meal and beverage 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 meal and beverage tax is collected on the sale of a meal and/or beverage that is prepared away from home and the amount of tax collected is remitted, in full, to the municipality in which the meal and/or beverage is consumed.

Acting Director of Revenue Marilyn S. McConaghy, Esq. noted that «local meal and beverage tax collections were down between November and October 2015 but by less in nominal terms and as a percentage change than the decrease between November and October 2014. Year-over-year growth for November 2015 was robust but the rate of increase was less than the rate that was recorded in October of FY 2015. FY 2016 year-to-date over FY 2015 year-to-date growth through November increased to 7.7 percent from the 7.3 percent achieved in October of 2015 but this rate of growth was slightly below the rate recorded last fiscal year at this time.

The entire report can be found on the Department of Revenue’s web site at http://www.dor.ri.gov/revenue-analysis/2016.php under the Local Reports tab. The full report includes the break down by municipality of local meal and beverage 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.