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Comprehensive Plan Capital Improvements Element <br />legislative intent of this tax is to reduce a county's reliance on ad valorem taxes. Funds received from <br />this tax can be used by a county for transportation -related expenses, including the reduction of bond <br />indebtedness incurred for transportation purposes. <br />Table 6.1 shows that funds received through the county fuel tax levy represented 0.29% of all revenue <br />collected by Indian River County in FY 2008/09. Figure 6.13 shows that, over the last six fiscal <br />years, county fuel tax revenue received by Indian River County decreased 7.01 %. <br />Alcoholic Beverage License Tax <br />Alcoholic beverage license taxes are levied <br />on manufacturers, distributors, vendors, and <br />sales agencies of alcoholic beverages in <br />Florida. The tax is administered, collected, <br />enforced, and distributed to local <br />governments by the Division of Alcoholic <br />Beverages and Tobacco within the <br />Department of Business and Professional <br />Regulation. <br />Twenty-four percent of the license taxes <br />imposed on the sale of beer, wine and liquor <br />collected within a county is returned to the <br />county Tax Collector. The remaining funds <br />are used to operate the division and <br />contribute to the operation of the Office of <br />the Secretary of Business Regulation. <br />Figure 6.14: Alcoholic Beverage License Tax <br />$60 $ 5a <br />$50 $51 $49 $50 <br />$50 $aa <br />$40 <br />$30 <br />$20 <br />$10 <br />$- <br />2004 2005 2006 2007 2008 2009 <br />■ Revenue (in thousands) <br />Source: Indian River County Finance Department <br />Table 6.1 shows that the county received approximately $50,000 from this tax in FY 2008/09, 0.02% <br />of all revenue received by Indian River County. Figure 6.14 shows that, over the last six fiscal years, <br />alcoholic beverage license tax revenue received by Indian River County fluctuated, but overall <br />remained about the same. <br />Pari-Mutuel Tax <br />Revenue generated through license fees and taxes related to Pari-Mutuel betting is deposited into the <br />Pari-Mutuel wagering trust fund. According to Florida Statutes, a guaranteed entitlement of <br />$29,915,500 is deducted from the trust fund for equal distributions among Florida's sixty-seven <br />counties, providing each county's general revenue fund with $446,500. Table 6.1 shows that revenue <br />received from the Pari-Mutuel tax represented 0.19% of revenues received by Indian River County in <br />FY 2008/09. Uses for this revenue are determined by the Board of County Commissioners. <br />Community Development Department Indian River County <br />Supplement #_; Adopted November_, 2010, Ordinance 2010-_ <br />16 <br />