2017-015 - Laserfiche WebLink

Home Browse Search

Comprehensive Plan Capital Improvements Element fuel, imposed upon the first sale or first removal from storage (after importation into Florida). Revenues from this levy become state funds at the time of collection by the refiner, importer or wholesaler. In its current form, the constitutional fuel tax is a state -shared revenue source for counties only. Applying a distribution formula, the state allocates proceeds to counties to the extent necessary to comply with all obligations to or for the benefit of anticipation certificates or any refunds secured by any portion of the tax proceeds. After complying with the necessary debt service obligations, the state distributes a county's surplus funds to its governing body. Table 6.1 shows that revenue received from the constitutional fuel tax levy represented 0.74% of total revenue received by Indian River County in FY 2015/16. Figure 6.12 shows that, over the last six fiscal years, constitutional fuel tax revenue received by Indian River County increased by 10.86%. • County Fuel Tax Tht fu I t ' l; d t fu I t fl, holders of bonds, revenue certificates, and tax Figure 6.13: County Fuel Tax by FY $800 $780 $760 WON 1 $740 $720 $700 $680 $660 $640 10/11 11/12 12/13 13/14 14/15 15/16 ■ Revenue (in thousands) Source. Indian River Cou my Finance Department e conn y e ax is eV i on mo or e a e rate of one cent per net gallon. The legislative intent of this tax is to reduce a county's reliance on ad valorem taxes. Funds received from this tax can be used by a county for transportation -related expenses, including the reduction of bond indebtedness incurred for transportation purposes. Table 6.1 shows that funds received through the county fuel tax levy represented 0.33% of all revenue collected by Indian River County in FY2015/16. Figure 6.13 shows that, over the last six fiscal years, county fuel tax revenue received by Indian River County increased 12.02%. • Alcoholic Beverage License Tax Alcoholic beverage license taxes are levied on manufacturers, distributors, vendors, and sales agencies of alcoholic beverages in Florida. The tax Figure 6.14: Alcoholic Beverage License Tax by FY $80 _ $70 $67 $57 $61 $61 $59 $60 $53 i $50 $40 $30 $20 $10 I 10/11 11/12 12/13 13/14 14/15 15/16 ■ Revenue (in thousands) Source: Indian River County Finance Department Community Development Department Indian River County Adopted December 5, 2017, Ordinance 2017-015 15 1 e conn y e ax is eV i on mo or e a e rate of one cent per net gallon. The legislative intent of this tax is to reduce a county's reliance on ad valorem taxes. Funds received from this tax can be used by a county for transportation -related expenses, including the reduction of bond indebtedness incurred for transportation purposes. Table 6.1 shows that funds received through the county fuel tax levy represented 0.33% of all revenue collected by Indian River County in FY2015/16. Figure 6.13 shows that, over the last six fiscal years, county fuel tax revenue received by Indian River County increased 12.02%. • Alcoholic Beverage License Tax Alcoholic beverage license taxes are levied on manufacturers, distributors, vendors, and sales agencies of alcoholic beverages in Florida. The tax Figure 6.14: Alcoholic Beverage License Tax by FY $80 _ $70 $67 $57 $61 $61 $59 $60 $53 i $50 $40 $30 $20 $10 I 10/11 11/12 12/13 13/14 14/15 15/16 ■ Revenue (in thousands) Source: Indian River County Finance Department Community Development Department Indian River County Adopted December 5, 2017, Ordinance 2017-015 15