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Comprehensive Plan Capital Improvements Element
<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 boundaries
<br />of the county or subcounty special taxing district in which the tax is levied;
<br />(3) Promote zoological parks that are publicly owned and operated or owned and operated
<br />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 />(6) Finance beach park facilities, or beach, channel, estuary, or lagoon improvement,
<br />maintenance, renourishment, restoration, and erosion control, including construction
<br />of beach groins and shoreline protection, enhancement, cleanup, or restoration or
<br />inland lakes and rivers to which there is public access as those uses relate to the
<br />physical preservation of the beach,
<br />shoreline, channel, estuary, lagoon, or
<br />inland lake or river;
<br />(7) Pledge the revenues to secure and
<br />liquidate revenue bonds issued by the
<br />county, subject to certain limitations.
<br />Figure 6.7 shows the Tourist Development Tax
<br />revenue received by Indian River County over the
<br />last six fiscal years. Since FY 2012/13, Tourist
<br />Development Tax revenue has increased73.55%.
<br />➢ Local Option Fuel Tax
<br />Local governments are authorized to levy up to
<br />twelve cents of local option fuel taxes in the form
<br />of three separate levies. Those levies are:
<br />➢ a one to six cent local option fuel tax;
<br />Community Development Department
<br />Adopted December 3, 2019, Ordinance 2019-020
<br />Indian River County
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<br />Figure 6.8: Local Option Fuel Tax
<br />Revenue by FY
<br />$4,500
<br />$4,00053,65'1
<br />E3,830
<br />$3,508 $3,574
<br />$3,500
<br />$3,145 $3,133
<br />$3,000
<br />$2,500
<br />$2,000
<br />$1,500
<br />$1,000
<br />$500
<br />12/13 13/14 14/15 15/16 16/17 17/18
<br />■Revenue (in thousands)
<br />Source: Indian
<br />River County Finance Department
<br />of three separate levies. Those levies are:
<br />➢ a one to six cent local option fuel tax;
<br />Community Development Department
<br />Adopted December 3, 2019, Ordinance 2019-020
<br />Indian River County
<br />9
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