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• Constitutional Fuel Tax <br />The constitutional fuel tax is defined as an excise or license tax of two cents per gallon of motor fuel, <br />dih f 1 f 1 <br />mpose upon t e first sa e or first remova <br />from storage (after importation into Florida). <br />Revenues from this levy become state funds <br />at the time of collection by the refiner, <br />importer or wholesaler. <br />In its current form, the constitutional fuel tax <br />is a state -shared revenue source for counties <br />only. Applying a distribution formula, the <br />state allocates proceeds to counties to the <br />extent necessary to comply with all <br />obligations to or for the benefit of holders of <br />bonds, revenue certificates, and tax <br />anticipation certificates or any refunds <br />secured by any portion of the tax proceeds. <br />After complying with the necessary debt <br />service obligations, the state distributes a <br />county's surplus funds to its governing body. <br />Figure 6.13: County Fuel Tax by FY <br />$840 <br />$820 <br />$800 <br />$780 <br />$760 <br />$740 <br />$720 <br />$700 <br />$680 <br />$660 <br />$640 <br />$620 .Elm -T <br />12/13 13/14 14/15 15/16 16/17 17/18 <br />® Reven ue (in thousands) <br />Source: Indian RiverCou my Finance Department <br />Table 6.1 shows that revenue received from the constitutional fuel tax levy represented 0.68% of total <br />revenue received by Indian River County in FY 2017/18. Figure 6.12 shows that, over the last six <br />fiscal years, constitutional fuel tax revenue received by Indian River County increased by 15.11 %. <br />• County Fuel Tax <br />The county fuel tax is levied on motor fuel at <br />the rate of one cent per net gallon. The <br />legislative intent of this tax is to reduce a <br />county's reliance on ad valorem taxes. Funds <br />received from this tax can be used by a county <br />for transportation -related expenses, including <br />the reduction of bond indebtedness incurred for <br />transportation purposes. <br />Table 6. l ,shows that funds received through the <br />county fuel tax levy represented 0.30% of all <br />revenue collected by Indian River County in FY <br />2017/18. Figure 6.13 shows that, over the last <br />six fiscal years, county fuel tax revenue received <br />by Indian River County increased 17.19%. <br />Figure 6.14: Alcoholic Beverage License Tax <br />by FY <br />$80 <br />$70 $ss $ss <br />—$61 $61 $59 <br />$60 $57 <br />$50 <br />$40 <br />$30 <br />$20 <br />$10 <br />12/13 13/14 14/15 15/16 16/17 17/18 <br />® Revenue (in thousands) <br />Source: Indian River County Finance Department <br />174 <br />