(a) In fiscal years 2024 and thereafter, cities, towns, and fire districts shall receive reimbursements, as set forth in this section, from state general revenues equal to the amount of lost tax revenue due to the phase out of the excise tax. When the tax is phased out, cities, towns, and fire districts shall receive a permanent distribution of sales tax revenue pursuant to § 44-18-18 in an amount equal to any lost revenue resulting from the excise tax elimination. (b)(1) In fiscal year 2024, cities, towns, and fire districts shall receive the following reimbursement amounts: Barrington $ 5,894,822 Bristol $ 2,905,818 Burrillville $ 5,053,933 Central Falls $ 2,077,974 Charlestown $ 1,020,877 Coventry $ 5,872,396 Cranston $ 22,312,247 Cumberland $ 6,073,469 East Greenwich $ 2,417,332 East Providence $ 11,433,479 Exeter $ 2,241,381 Foster $ 1,652,251 Glocester $ 2,381,941 Hopkinton $ 1,629,259 Jamestown $ 622,793 Johnston $ 10,382,785 Lincoln $ 5,683,015 Little Compton $ 366,775 Middletown $ 1,976,448 Narragansett $ 1,831,251 Newport $ 2,223,671 New Shoreham $ 163,298 North Kingstown $ 5,378,818 North Providence $ 9,619,286 82,785 Lincoln $ 5,683,015 Little Compton $ 366,775 Middletown $ 1,976,448 Narragansett $ 1,831,251 Newport $ 2,223,671 New Shoreham $ 163,298 North Kingstown $ 5,378,818 North Providence $ 9,619,286 North Smithfield $ 4,398,531 Pawtucket $ 16,495,506 Portsmouth $ 2,414,242 Providence $ 34,131,596 Richmond $ 1,448,455 Scituate $ 1,977,127 Smithfield $ 7,098,694 South Kingstown $ 3,930,455 Tiverton $ 1,748,175 Warren $ 2,090,911 Warwick $ 25,246,254 Westerly $ 5,765,523 West Greenwich $ 1,331,725 West Warwick $ 5,673,744 Woonsocket $ 9,324,776 Lime Rock Fire District $ 133,933 Lincoln Fire District $ 208,994 Manville Fire District $ 64,862 Quinnville Fire District $ 13,483 (2) In fiscal year 2024, funds shall be distributed to the cities, towns, and fire districts as follows: (i) On August 1, 2023, twenty-five percent (25%) of the funds. (ii) On November 1, 2023, twenty-five percent (25%) of the funds. (iii) On February 1, 2024, twenty-five percent (25%) of the funds. (iv) On May 1, 2024, twenty-five percent (25%) of the funds. The funds shall be distributed to each city, town, and fire district in the same proportion as distributed in fiscal year 2023. the funds. (iv) On May 1, 2024, twenty-five percent (25%) of the funds. The funds shall be distributed to each city, town, and fire district in the same proportion as distributed in fiscal year 2023. (3) For the city of East Providence, the payment schedule is twenty-five percent (25%) on November 1, 2023, twenty-five percent (25%) on February 1, 2024, twenty-five percent (25%) on May 1, 2024, and twenty-five percent (25%) on August 1, 2024. (4) On any of the payment dates specified in subsections (b)(2)(i) through (b)(2)(iv) or (b)(3) of this section, the director of revenue is authorized to deduct previously made over-payments or add supplemental payments as may be required to bring the reimbursements into full compliance with the requirements of this chapter. (c) When the tax is phased out to August 1, of the following fiscal year the director of revenue shall calculate to the nearest thousandth of one cent ($0.00001) the number of cents of sales tax received for the fiscal year ending June 30, of the year following the phase-out equal to the amount of funds distributed to the cities, towns, and fire districts under this chapter during the fiscal year following the phase-out ending June 30, of the year following the phase-out equal to the amount of funds distributed to the cities, towns, and fire districts under this chapter during the fiscal year following the phase-out and the percent of the total funds distributed in the fiscal year following the phase-out received by each city, town, and fire district, calculated to the nearest one-hundredth of one percent (0.01%). The director of the department of revenue shall transmit those calculations to the governor, the speaker of the house, the president of the senate, the chairperson of the house finance committee, the chairperson of the senate finance committee, the house fiscal advisor, and the senate fiscal advisor. The number of cents, applied to the sales taxes received for the prior fiscal year, shall be the basis for determining the amount of sales tax to be distributed to the cities, towns, and fire districts under this chapter for the second fiscal year following the phase-out and each year thereafter. The cities, towns, and fire districts shall receive that amount of sales tax in the proportions calculated by the director of revenue as that received in the fiscal year following the phase-out. ter. The cities, towns, and fire districts shall receive that amount of sales tax in the proportions calculated by the director of revenue as that received in the fiscal year following the phase-out. (d) In fiscal years 2025 and thereafter, twenty-five percent (25%) of the funds shall be distributed to the cities, towns, and fire districts on August 1, 2024, and every August 1 thereafter; twenty-five percent (25%) shall be distributed on November 1, 2024, and every November 1 thereafter; twenty-five percent (25%) shall be distributed on February 1, 2025, and every February 1 thereafter; and twenty-five percent (25%) shall be distributed on May 1, 2025, and every May 1 thereafter. (e) [Deleted by P.L. 2024, ch. 400, § 1 and P.L. 2024, ch. 401, § 1.] History of Section.P.L. 1998, ch. 31, art. 28, § 3; P.L. 1999, ch. 112, § 2; P.L. 1999, ch. 303, § 2; P.L. 2000, ch. 55, art. 19, § 7; P.L. 2000, ch. 74, § 1; P.L. 2002, ch. 65, art. 3, § 1; P.L. 2003, ch. 376, art. 13, § 1; P.L. 2004, ch. 595, art. 11, § 1; P.L. 2005, ch. 117, art. 17, § 3; P.L. 2006, ch. 246, art. 29, § 1; P.L. 2006, ch. 571, § 1; P.L. 2008, ch. 9, art. 17, § 2; P.L. 2010, ch. 8, § 1; P.L. 2010, ch. 23, art. 004, ch. 595, art. 11, § 1; P.L. 2005, ch. 117, art. 17, § 3; P.L. 2006, ch. 246, art. 29, § 1; P.L. 2006, ch. 571, § 1; P.L. 2008, ch. 9, art. 17, § 2; P.L. 2010, ch. 8, § 1; P.L. 2010, ch. 23, art. 23, § 1; P.L. 2010, ch. 120, § 3; P.L. 2017, ch. 302, art. 11, § 3; P.L. 2017, ch. 307, § 1; P.L. 2023, ch. 203, § 2, effective July 1, 2023; P.L. 2023, ch. 204, § 2, effective July 1, 2023; P.L. 2023, ch. 294, § 6, effective June 22, 2023; P.L. 2023, ch. 295, § 6, effective June 22, 2023; P.L. 2024, ch. 400, § 1, effective June 26, 2024; P.L. 2024, ch. 401, § 1, effective June 26, 2024.
Rhode Island Legal Code