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The transient rental trade is the primary base for the levy of the tourist tax. Any lodging agreement <br />for six months or less is subject to the tax. <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. Further, if a professional sports franchise facility is located within a county, an <br />additional one to two percent tourist tax may also be levied. The first one percent professional sports <br />franchise facility tax may be authorized by a majority vote of the governing board of the county, <br />while the second one percent tax must be authorized by a majority plus one vote of the governing <br />board of the county. Currently, Indian River County imposes the original two percent tourist tax, the <br />additional one percent tax, and an additional one percent professional sports franchise facility tax. <br />Out of Florida's sixty-seven counties, sixty-two currently levy a tourist tax. Of those sixty-two <br />counties, forty-seven counties, including Indian River County, impose an additional one percent <br />tourist tax; thirty-eight counties, including Indian River County, impose a one percent professional <br />sports franchise tax, and twenty-three counties impose the second one percent professional sports <br />franchise 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. Palm Beach County has the highest tourist tax levy of the six counties listed (6.0%), <br />followed by Brevard, St. Lucie, and Martin Counties at 5.0%. While Indian River County has a <br />tourist tax rate of 4.00%, Okeechobee County has the lowest tourist tax levy at 3.0%. <br />ram`°�4 <br />Table 6.2: Optional Tourist Taxes on,Trainsient Renta a <br />County <br />Orifi <br />Tourist Tax <br />Additional <br />_ Tax <br />ProfessionalAdditional <br />Sports ' <br />Franchise . <br />Facility Tax <br />tion <br />Professional <br />Sports, <br />Franchise Tax <br />1a <br />�'otenttal�aG' <br />$ <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 />5.00% <br />4.00% <br />Martin <br />2.00% <br />1.00% <br />1.00% <br />1.00% <br />5.00% <br />5.00% <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 />6.00%* <br />6.00%* <br />St. Lucie <br />2.00% <br />1.00% <br />1.00% <br />1.00% <br />5.00% <br />5.00% <br />Note: Shading indicates those counties eligible to impose a particular tax <br />*Palm Beach County is 1 out of 7 counties in the state that can also impose a 1% High Tourism Impact Tax, which it currently does levee. <br />Source: The Florida Legislature's Office of Economic and Demographic Research website: October 2015. <br />The Local Option Tourist Tax can be used for the following purposes: <br />Community Development Department <br />Adopted Pec . ! , 2015, Ordinance 2015- o i i <br />Indian River County <br />8 <br />