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Comprehensive Plan Capital Improvements Element <br />Generally, the tourist tax levy is one or two percent. Counties, however, may set an additional one <br />percent above the original tax through an extraordinary vote of the governing board or by <br />referendum. Currently, Indian River County imposes the original two percent tourist tax as well as <br />an additional one percent tax. Sixty-two Florida counties out of sixty-seven total counties currently <br />levy a tourist tax. Of those sixty-two counties, forty-three counties, including Indian River County, <br />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 />tourist taxes. Brevard, Palm Beach, and St. Lucie Counties have the highest tourist tax levy of the <br />six counties listed (5.0%). Indian River County and Martin County each have a tourist tax rate of <br />4.00%. Okeechobee County has the lowest tourist tax levy. <br />Table 6.2 Optional Tourist Taxes on Transient Rental Facilities <br />Professional <br />Additional <br />Original <br />Additional <br />Sports <br />Professional <br />Maximum <br />Total <br />County <br />Tourist <br />Sports <br />Potential o <br />% <br />Tax <br />Tax <br />Franchise <br />Franchise <br />Levy <br />Levy <br />Facility Tax <br />Tax <br />Brevard <br />2.00% <br />1.00% <br />1.00% <br />1.00% <br />5.00% <br />5.00% <br />Indian River <br />2.00% <br />1.00% <br />1.00% <br />------- - <br />5.00% <br />4.00% <br />Martin <br />2.00% <br />1.00% <br />1.00% <br />---------- <br />5.00% <br />4.00% <br />Okeechobee <br />2.00% <br />1.00% <br />---------- <br />---------- <br />5.00% <br />3.00% <br />Palm Beach <br />2.00% <br />1.00% <br />1.00% <br />1.00% <br />5.00% <br />5.00% <br />St. Lucie <br />2.00% <br />1.00% <br />1.00% <br />1.00% <br />5.00% <br />5.00% <br />Shading indicates those counties eligible to impose a particular tax <br />Source: Florida Department of Revenue, Office of Tax Research.lune 14, 2011. <br />The Local Option Tourist Tax can be used for the following purposes: <br />(1) Acquire, construct, operate, and promote one or more publicly owned and operated <br />convention centers, such as sports stadiums, coliseums, or auditoriums within the <br />district that the tax is imposed; <br />(2) Promote and advertise tourism nationally, internationally, and in the State of Florida; <br />Community Development Department Indian River County <br />Adopted November _, 2011, Ordinance 2011-_ 8 <br />