Laserfiche WebLink
county gas tax in the amount of approximately $444799- per-myeer <br />379,000. <br />Ninth Cent Gas Tax (Formerly Called One -Cent Voted Gas Taxi <br />Any county in the state can, subject to referendum, impose a one <br />cent votedgas tax on every gallon of motor fuel and special fuel <br />sold at retail in the county. The proceeds from this tax are sent <br />by the seller to the Department of Revenue where they are deposited <br />in an account called the voted Ninth -Cent Gas Tax Trust Fund. The <br />department is then responsible for distributing these monies back <br />to the counties. The funds must be used for the costs of <br />establishing, operating and maintaining a transportation system and <br />for the construction, reconstruction and maintenance of roads and <br />streets. <br />The county does not presently utilize this tax. An estimate of the <br />possible revenue generated from this tax if it were implemented is <br />approximately $4597999 560,000 per year. <br />The county can also generate additional revenue by pledging <br />existing sources of revenue and issuing additional general <br />obligation bonds. Another option is to raise ad valorem taxes on <br />property in the county. <br />One- to Five -Cent Local Option Gas Tax <br />The One- to Five -Cent Local Option Gas Tax, passed during the 1993 <br />legislative session, is a one to five cents levy on every gallon of <br />motor fuel sold at retail in the county. Special fuel is not <br />subject to this tax. Proceeds from this tax may be used only for <br />transportation expenditures needed to meet the requirements of the <br />capital improvements element of an adopted comprehensive plan. The <br />County may also pledge the revenues from this tax to secure the <br />payment of bonds. - <br />This tax is collected and distributed in the same manner as the <br />other local option gas tax. <br />The county does not currently utilize this optional gas tax. <br />Revenue from this tax, if implemented, would be anticipated to <br />l <br />equaapproximately $285,322 per penny levied annuallv. <br />Optional Tourist Tax <br />Any county in the state may, subject to a vote of the citizenry, <br />impose a tourist development tax on the leasing or renting or of <br />any living quarters in a hotel, motel, apartment, roominghouse, <br />