The bill amends Section 42-63.1-3 of the General Laws concerning the distribution of hotel tax proceeds. It specifies that for returns and tax payments received on or after July 1, 2025, five percent (5%) of the taxes generated in the Aquidneck Island tourism district (which includes New Shoreham, South County, and Blackstone Valley) will be allocated to the Rhode Island commerce corporation for tourism development, public art, and events throughout participating regions.

Additionally, the bill removes the requirement that five percent (5%) of the hotel tax generated from the South County tourism district be paid to the Greater Providence-Warwick Convention and Visitors Bureau. The bill also revises the distribution percentages for various districts, increasing the share allocated to the Rhode Island commerce corporation from twenty-five percent (25%) to seventy-five percent (75%) and adjusting other percentages accordingly.

The act will take effect upon passage.

Statutes affected:
872: 42-63.1-3