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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 />Table 6.2: Optional Tourist Taxes on Transient Rental Facilities <br />Professional <br />Additional <br />County <br />Original <br />Additional <br />Sports <br />Professional <br />Maximum <br />Tourist Tax <br />Tax <br />Franchise <br />Sports <br />Potential % Total %Levy <br />Facility Tax <br />Franchise Tax <br />Levy <br />Brevard <br />2.00% <br />1.00% <br />1.00% <br />1.00% <br />5.00% 5.00% <br />Indian River <br />2.00% <br />1.00% <br />1.00% <br />---------- <br />5.00% 4.00% <br />Martin <br />2.00% <br />1.00% <br />1.00% <br />1.00% <br />5.00% 5.00% <br />Okeechobee <br />2.00% <br />1.00% <br />---------- <br />---------- <br />5.00% 3.00% <br />Palm Beach <br />2.00% <br />1.00% <br />1.00% <br />1.00% <br />6.00%* 6.00%* <br />St. Lucie <br />2.00% <br />1.00% <br />1.00% <br />1.00% <br />5.00% 5.00% <br />Note: Shading indicates those counties eligible to impose a particular tax <br />*Palm Beach County is 1 out of 8 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 2016. <br />The Local Option Tourist Tax can be used for the following purposes: <br />(1) Acquire, construct, extend, enlarge, remodel, repair, improve, maintain, operate, and <br />promote one or more publicly owned and operated convention centers, such as sports <br />stadiums, coliseums, or auditoriums within the district that the tax is imposed; <br />(2) Acquire, construct, extend, enlarge, remodel, repair, improve, maintain, operate, and <br />promote aquariums, or museums that are publicly owned and operated or owned and <br />operated by a not-for-profit organization and open to the public, within the <br />boundaries of the county or subcounty special taxing district in which the tax is <br />levied; <br />(3) Promote zoological parks that are publicly owned and operated or owned and <br />operated by not-for-profit organizations and open to the public; <br />(4) Promote and advertise tourism nationally, internationally, and in the State of Florida; <br />(5) Fund convention bureaus and other tourist information bureaus as county agencies or by <br />contract with the Chamber of Commerce or similar associations in the county; <br />Community Development Department Indian River County <br />Adopted , 2016, Ordinance 2016- 8 <br />