Establishes a restricted receipt account for the Rhode Island public transit authority funded by sales taxes from ride-share companies, exempt from.

This bill creates a restricted receipt account for the Rhode Island public transit authority, funded by sales taxes collected from ride-share companies. The account will be used to support paratransit transportation and RIDE Anywhere services. Notably, this account is exempt from indirect cost recovery provisions, meaning it will not be subject to the 15% transfer of cash receipts to the general fund. This change aims to ensure that the revenue from ride-share companies directly benefits public transit operations.

Establishes a restricted receipt account for the Rhode Island public transit authority funded by sales taxes from ride-share companies, exempt from.

This bill creates a restricted receipt account for the Rhode Island public transit authority, funded by sales taxes collected from ride-share companies. The account will be used to support paratransit transportation and RIDE Anywhere services. Notably, this account is exempt from indirect cost recovery provisions, meaning it will not be subject to the 15% transfer of cash receipts to the general fund. This change aims to ensure that the revenue from ride-share companies directly benefits public transit operations.