Laserfiche WebLink
Comprehensive Plan Capital Improvements Element <br />from storage (after importation into Florida). Revenues from this levy become state funds at the time <br />of collection by the refiner, importer or wholesaler. <br />In its current form, the constitutional fuel tax is a state -shared revenue source for counties only. <br />Applying a distribution formula, the state allocates proceeds to counties to the extent necessary to <br />comply with all obligations to or for the benefit of holders of bonds, revenue certificates, and tax <br />anticipation certificates or any refunds secured by any portion of the tax proceeds. After complying <br />with the necessary debt service obligations, the state distributes a county's surplus funds to its <br />governing body. <br />Table 6.1 shows that revenue received from the constitutional fuel tax levy represented 0.55% oftotal <br />revenue received by Indian River County in FY 2020/21. Figure 6.12 shows that, over the last six <br />fiscal years, constitutional fuel tax revenue received by Indian River County increased by 2.6%. <br />County Fuel Tax <br />The county fuel tax is levied on motor fuel <br />at 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. <br />Funds received from this tax can be used <br />by a county for transportation -related <br />expenses, including the reduction of bond <br />indebtedness incurred for transportation <br />purposes. <br />Table 6.1 shows that funds received <br />through the county fuel tax levy <br />represented 0.24% of all revenue collected <br />by Indian River County in FY 2020/21. <br />Figure 6.13 shows that, over the last six <br />fiscal years, county fuel tax revenue received by Indian River County increased 1 <br />significantly from FY 2018/19 to FY 2019/20. <br />Alcoholic Beverage License Tax <br />78%. but decreased <br />Alcoholic beverage license taxes are levied on manufacturers, distributors, vendors, and sales <br />agencies of alcoholic beverages in Florida. The tax is administered, collected, enforced, and <br />distributed to local governments by the Division of Alcoholic Beverages and Tobacco within the <br />Department of Business and Professional Regulation. <br />Community Development Department Indian River County <br />Adopted December _, 2022, Ordinance 2022- 16 <br />235 <br />