Establishes a restricted receipt account for RIPTA funded by sales tax from ride-share companies, exempt from indirect cost recovery.

This bill creates a restricted receipt account for the Rhode Island Public Transit Authority (RIPTA) to fund its operations, specifically paratransit transportation and RIDE Anywhere services. The account will be funded by sales taxes collected from ride-share companies. Notably, this account is exempt from indirect cost recovery provisions, meaning it will not be subject to the transfer of 10% of cash receipts to general revenues. The bill is set to take effect on July 1, 2026.

Establishes a restricted receipt account for RIPTA funded by sales tax from ride-share companies, exempt from indirect cost recovery.

This bill creates a restricted receipt account for the Rhode Island Public Transit Authority (RIPTA) to fund its operations, specifically paratransit transportation and RIDE Anywhere services. The account will be funded by sales taxes collected from ride-share companies. Notably, this account is exempt from indirect cost recovery provisions, meaning it will not be subject to the transfer of 10% of cash receipts to general revenues. The bill is set to take effect on July 1, 2026.