The bill amends Chapter 44-18 of the General Laws regarding sales and use taxes by introducing a new section, 44-18-41, which authorizes city or town councils to impose a tax on ticket sales for large entertainment venues. A "large venue" is defined as one that has the capacity to hold at least 800 seated patrons. The tax rate is capped at 7% per ticket and will be administered and collected by the division of taxation, with the revenue being redistributed to the municipality where the venue is located. Additionally, the bill specifies that taxes received by a municipality under this section shall not be included in the calculation of the municipality's maximum levy increase as governed by existing law. This act is set to take effect immediately upon passage.