The proposed bill amends Chapter 44-18 of the General Laws regarding sales and use taxes by introducing a new section, 44-18-41, which allows city or town councils to impose a tax on ticket sales for large entertainment venues. Specifically, a "large venue" is defined as one that can accommodate at least 800 seated patrons. The bill stipulates that if a municipality chooses to implement this tax, it shall not exceed $2.00 per ticket. The tax will be administered and collected by the division of taxation and will be redistributed to the municipality where the venue is located.

Additionally, the bill specifies that any taxes collected under this new provision will not be included in the calculation of a municipality's maximum levy increase as controlled by § 44-5-2. This legislation is designed to provide municipalities with a new revenue source while ensuring that the tax does not impact their overall tax levy limits. The act will take effect immediately upon passage.