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 the authority's operations. Notably, this account is exempt from indirect cost recovery provisions, meaning it will not be subject to the transfer of 15% of its cash receipts to the general fund. The bill takes effect on July 1, 2026.

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 the authority's operations. Notably, this account is exempt from indirect cost recovery provisions, meaning it will not be subject to the transfer of 15% of its cash receipts to the general fund. The bill takes effect on July 1, 2026.