Providence, RI – June 8, 2015 – (RealEstateRama) — The Office of Revenue Analysis released its report on the state 5% hotel tax. The report looks at the collection and disbursement of the state’s 5% hotel tax which is levied on the rental of lodging for less than 30 consecutive days at the state’s hotels, motels and bed and breakfasts.
The report displays data on the collection and disbursement of the tax on a year-over-year basis, by month, as well as a fiscal year-to-date over fiscal-year-to date basis and is a complement to the Local 1% Hotel Tax Report issued by the Office of Revenue Analysis each month.
The hotel tax is collected by the Division of Taxation and then disbursed by a formula to state general revenues, local municipalities, eight regional tourism bureaus, the RI Convention Center Authority and the Providence Warwick Convention Visitors Bureau.
The Office of Revenue Analysis is responsible for the analysis, evaluation, and appraisal of the state’s tax system, makes recommendations for its revision in the best interests of the state’s economy, and prepares cost benefit analyses of all tax expenditures. For more information, questions or comments, contact Paul Dion, chief of the division, using the link shown below.