The bill proposes an amendment to Chapter 45-2 of the General Laws, titled "General Powers," by adding a new section that authorizes the city of Newport to impose a nine percent (9%) amusement excise tax. This tax would apply to the purchase of tickets or admission fees for amusement events held by entities within the city that have sold over 100,000 tickets in the year prior to the imposition of the tax. The revenue collected from this tax is designated for use in public infrastructure and public safety improvements only.

The bill specifies that the new tax would be in addition to any existing sales tax and would not apply to entities with fewer than 100,000 total ticket sales in the previous year or to theater or movie theater ticket sales. The term "amusement event" is defined to include activities such as concerts, games, rides, or sporting events that charge an admission fee. Furthermore, the city council of Newport is tasked with enacting ordinances and promulgating rules and regulations necessary to implement the provisions of this section. The act would take effect immediately upon passage.