The commissioner shall remit 50 per cent of the amount collected to the originating city or town, 7.5 per cent to the Municipal Regionalization Incentives Fund established in section 35FF of chapter 10 of the general laws and the balance to cities and towns that have accepted this section; provided, however, that no city or town shall receive more than the total it collected from such sales tax on meals within the corresponding calendar year.So 50% goes right back to the town, 7.5% goes to the Regionalization Fund. And how does the other 42.5% get divvied up... according to population? Number of Towns? Something else?
Why not just have 92.5% go back to the towns? One of my pet peeves is the multitude of confusing state revenue sharing formulas we've got in this State; are we about to get another one?
I have no idea what the Regionalization Fund is. What if I don't WANT to be regionalized?
Anyway, if this version of the Meals Tax becomes law, and if my interpretation that 90-something-percent of the money will go to the Towns is correct... spiffy!