Laserfiche WebLink
Comprehensive Plan Capital Improvements Element <br />proceeds to counties to the extent necessary to comply with all obligations to or for the benefit of <br />holders of bonds, revenue certificates, and tax anticipation certificates or any refunds secured by any <br />portion of the tax proceeds. After complying with the necessary debt service obligations, the state <br />distributes a county's surplus funds to its governing body. <br />Table 6.1 shows that revenue received from the constitutional fuel tax levy represented 0.69% of total <br />revenue received by Indian River County in FY 2018/19. Figure 6.12 shows that, over the last six <br />fiscal years, constitutional fuel tax revenue received by Indian River County increased by 17.69%. <br />• County Fuel Tax <br />The county fuel tax is levied on motor fuel at the <br />rate of one cent per net gallon. The legislative intent <br />of this tax is to reduce a county's reliance on ad <br />valorem taxes. Funds received from this tax can be <br />used by a county for transportation -related expenses, <br />including the reduction of bond indebtedness <br />incurred for transportation purposes'. <br />Table 6.1 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 />2018/19. Figure 6.13 shows that, over the last six <br />fiscal years, county fuel tax revenue received by <br />Indian River County increased 17.99%. <br />• Alcoholic Beverage License Tax <br />Alcoholic beverage license taxes are levied on <br />manufacturers, distributors, vendors, and sales <br />agencies of alcoholic beverages in Florida. The <br />tax is administered, collected, enforced, and <br />distributed to local governments by the Division of <br />Alcoholic Beverages and Tobacco within the <br />Department of Business and Professional <br />Regulation. <br />Twenty-four percent of the license taxes imposed <br />on the sale of beer, wine and liquor collected <br />within a county is returned to the county Tax <br />Figure 6.14: Alcoholic Beverage License <br />$70 Tax by FY W <br />$68 <br />$66 C, ---- <br />$64 'cs <br />$62 S61 S61 - — <br />$60 - <br />$58 -- --- <br />13/14 14/15 15/16 16/17 17/18 18/19 <br />■ Revenue (in thousands) <br />Source: Indian River Co u nty Finance Department <br />Community Development Department Indian River County <br />Adopted December 1s12020, Ordinance 2020-018 15 <br />