The bill amends Section 44-18-18.1 of the General Laws in Chapter 44-18, relating to the local meals and beverage tax. It establishes a phased reduction of the local meals and beverage tax, decreasing by twenty-five one hundredths of one percent (0.25%) each year starting January 1, 2026. The local meals and beverage tax will sunset on January 1, 2029. The act will take effect upon passage.

Statutes affected:
416: 44-18-18.1