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Distribution of surtax proceeds is based on the specifics of an interlocal agreement or through a formula based on population. In Indian River County, Local Infrastructure Surtax revenue is distributed to county government and municipal governments through a formula based on population. Currently, twenty-five of the sixty-seven Florida counties levy a Local Government Infrastructure Surtax. Within Indian River County's region, Martin and St. Lucie counties do not levy the surtax. While Okeechobee County is eligible to levy the infrastructure surtax, it instead levies a Small County Surtax of 1%. That is another local discretionary sales surtax. • Tourist Development Tax Any county in the state may, subject to a vote of 1 $3.000 the citizenry, impose a Tourist Development Tax. $2,500 The transient rental trade is the primary base for the levy of the tourist tax. Any lodging $2,000 agreement for six months or less is subject to the $1,500 tax. $1,000 Generally, the tourist tax levy is one or two percent. Counties, however, may set an $500 additional one percent above the original tax $_ through an extraordinary vote of the governing 10/11 11/12 12/13 13/14 14/15 15/16 board or by referendum. Further, if a ■ Revenue (in thousands) professional sports franchise facility is located within a county, an additional one to two percent Source: Indian River County Finance Department tourist tax may also be levied. The first one percent professional sports franchise facility tax may be authorized by a majority vote of the governing board of the county, while the second one percent tax must be authorized by a majority plus one vote of the governing board of the county. Currently, Indian River County imposes the original two percent tourist tax, the additional one percent tax, and an additional one percent professional sports franchise facility tax. Figure 6.7: Tourist Development Tax Revenue by FY Out of Florida's sixty-seven counties, sixty-three currently levy a tourist tax. Of those sixty-three counties, forty-eight counties, including Indian River County, impose an additional one percent tourist tax; forty-one counties, including Indian River County, impose a one percent professional sports franchise tax, and twenty-seven counties impose the second one percent professional sports franchise tax. Table 6.2 displays the tourist taxes imposed in counties that are geographically proximate to Indian River County. Compared to neighboring counties, Indian River County imposes a similar level of tourist taxes. Palm Beach County has the highest tourist tax levy of the six counties listed (6.0%), followed by Brevard, St. Lucie, and Martin Counties at 5.0%. While Indian River County has a tourist tax rate of 4.00%, Okeechobee County has the lowest tourist tax levy at 3.0%. Community Development Department Indian River County Adopted December 5, 2017, Ordinance 2017-015 7