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GI <br />40 <br />0 <br />■ <br />However, the current 50 percent revenue contribution can be applied to the costs <br />of the recreational benefits allocated to the overnight tourists described in <br />subsequent sections of the report. <br />5.3 THE tlOGAI, G®VERNMENT INFRASTRUCTURE SURTAX <br />The Infrastructure Surtax is limited in rate to one-half (%) or one (1) percent. The <br />infrastructure surtax revenue may be used for the purposes enumerated in <br />section 212.055(2), Florida Statutes such as to finance, plan, and construct <br />infrastructure, additionally, surtax revenues may be used to acquire land for <br />public recreation or conservation or protection of natural resources and to finance <br />the closure of County -owned or municipally -owned solid waste landfills that are <br />already closed or required to close by the order of the Department of <br />Environmental Protection. Commencing ,July 1, 1998, fifteen percent of surtax <br />revenues may be expended on economic development activities under certain <br />circumstances. See § 212.055(2)(d)(3), Fla. Stat. <br />If the tax was levied pursuant to a referendum held prior to July 1, 1993, it may <br />not be levied beyond the time established in the ordinance or, if the ordinance did <br />not limit the period of the levy, the tax may not be levied for more than 15 years. <br />The levy of such tax may be extended only with elector approval. In the event <br />the tax is levied subsequent to June 30, 1993, there is no statutory limit on its <br />duration. The tax proceeds must be shared between the County and the <br />municipalities within the County pursuant to an interlocal agreement or pursuant <br />to the half -cent sales tax formula provided in section 218.62, Florida Statutes. <br />The surtax may also be shared with the school board. <br />Indian River County currently imposes the local government infrastructure surtax <br />at a rate of one (1) percent, pursuant to a referendum approved in 1989, for a <br />period of 15 years. The distribution of the revenues is determined by the local <br />Government Half -Cent Sales Tax Formula which provides approximately $6.5 <br />