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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 />imposed upon the first sale or first removal <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 adistribution 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 />Elm M M M Eli <br />$660 <br />$640 <br />$620 -, <br />12/13 13/14 14/15 15/16 16/17 17/18 <br />® Revenue (in thousands) <br />Source: I ndian River County Finance Department <br />Table 6.1 shows that revenue received from the constitutional fuel tax levy represented 0.75-03; 0.68% <br />of total revenue received by Indian River County in FY 2016/172017/18. Figure 6.12 shows that, <br />over the last six fiscal- years, constitutional fuel tax revenue received by Indian River County <br />A b J3 -C9-0/15 11 ° <br />increase y /o. <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 6.1 shows that funds received through the <br />county fuel tax levy represented 0.330,;-0.30% <br />of all revenue collected by Indian River County <br />in FY X72017/18. Figure 6.13 shows that, <br />Figure 6.14: Alcoholic Beverage License Tax <br />by FY <br />$80 - <br />$70 <br />$60 <br />$50 <br />$40 <br />$30 <br />$20 <br />$10 <br />$ M 0 Eli <br />- <br />12/13 13/14 14/15 15/16 16/17 17/18 <br />M Reven ue (in thousands) <br />Source: Indian River County Finance Department <br />267 <br />�1 <br />■ <br />■ I■ <br />ill■ <br />■ <br />■ <br />267 <br />