Laserfiche WebLink
Comprehensive Plan Capital Improvements Element <br />Table 6.1 shows that local sales surtax revenue represented 6.14% of all funds collected by Indian <br />River County in FY 2004/05. Figure 6.6 displays the Local Discretionary Sales Surtax revenue <br />received by Indian River County over the last six fiscal years. This local revenue source increased <br />by 47.76% over that period. <br />Distribution of surtax proceeds is based on the specifics of an interlocal agreement or through a <br />formula based on population. Local Infrastructure Surtax revenue from Indian River County is <br />distributed to county government and municipal governments through a formula based on <br />population. <br />Twenty-four of the sixty-seven Florida counties levy a Local Government Infrastructure Surtax. <br />Within Indian River County's region, Brevard, Palm Beach, and St. Lucie counties do not levy the <br />surtax, while Martin County has levied the infrastructure surtax. Okeechobee County is eligible to <br />levy the infrastructure surtax, but instead levies a Small County Surtax of 1 %, which is another local <br />discretionary sales surtax. <br />Tourist Development Tax <br />Any county in the state may, subject to a <br />vote of the citizenry, impose a Tourist <br />Development Tax. The transient rental <br />trade is the primary base for the levy of the <br />tourist tax. Any lodging agreement for six <br />months or less is subject to the tax. <br />The tourist tax levy is generally one or two <br />percent. Counties may set an additional <br />one percent above the original tax through <br />an extraordinary vote of the governing <br />board or by referendum. Currently, Indian <br />River County imposes the original two <br />percent tourist tax as well as an additional <br />one percent tax. Fifty-seven Florida <br />counties out of sixty-seven total counties <br />currently levy a tourist tax. Of those fifty - <br />Source: Indian River County Finance Department <br />seven counties, thirty-five counties, <br />including Indian River County, impose an additional one percent tourist tax. <br />Table 6.2 displays the tourist taxes imposed in counties that are geographically proximate to Indian <br />River County. Compared to neighboring counties, Indian River County imposes a similar level of <br />Community Development Department Indian River County <br />7 <br />