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Indian River County 1 Impact Fee Update Study <br />Credit Component <br />This appendix presents the detailed calculations for the credit component. Currently, in <br />addition to the capital support that ultimately results from State fuel tax revenues, Indian <br />River County also receives financial benefit from several other funding sources. Of these, <br />County fuel taxes that are collected in Indian River County are listed below, along with a few <br />pertinent characteristics of each. <br />1. Constitutional Fuel Tax (2C/gallon) <br />• Tax applies to every net gallon of motor and diesel fuel sold within a county. <br />Collected in accordance with Article XII, Section 9 (c) of the Florida Constitution. <br />• The State allocated 80 percent of this tax to Counties after first withholding amounts <br />pledged for debt service on bonds issued pursuant to provisions of the State <br />Constitution for road and bridge purposes. <br />• The 20 percent surplus can be used to support the road construction program within <br />the county. <br />• Counties are not required to share the proceeds of this tax with their municipalities. <br />2. County Fuel Tax (1C/gallon) <br />• Tax applies to every net gallon of motor and diesel fuel sold within a county. <br />• Primary purpose of these funds is to help reduce a County's reliance on ad valorem <br />taxes. <br />• Proceeds are to be used for transportation -related expenses, including the reduction <br />of bond indebtedness incurred for transportation purposes. Authorized uses include <br />acquisition of rights-of-way; the construction, reconstruction, operation, <br />maintenance, and repair of transportation facilities, roads, bridges, bicycle paths, <br />and pedestrian pathways; or the reduction of bond indebtedness incurred for <br />transportation purposes. <br />• Counties are not required to share the proceeds of this tax with their municipalities. <br />3. 1s Local Option Tax (up to 6C/gallon) <br />• Tax applies to every net gallon of motor and diesel fuel sold within a county. <br />• Proceeds may be used to fund transportation expenditures. <br />• To accommodate statewide equalization, all six cents are automatically levied on <br />diesel fuel in every county, regardless of whether a County is levying the tax on <br />motor fuel at all or at the maximum rate. <br />Tindale -Oliver & Associates, Inc. Indian River County <br />June 2014 <br />D-1 Impact Fee Update Study <br />23S <br />