Laserfiche WebLink
Revenue Manual <br />MSTU Fund <br />Half -Cent Sales Tax <br />Fund 004 <br />REVENUE <br />DESCRIPTION: <br />The Half -Cent Sales Tax program began in 1982 and generates the largest amount of <br />revenue for local governments from state -shared revenue sources. The program's <br />primary purpose is to provide relief from ad valorem and utility taxes in addition to <br />providing counties and municipalities with revenues for local programs. <br />LEGAL AUTHORIZATION <br />FOR COLLECTION: <br />SPECIAL <br />REQUIREMENTS: <br />Florida Statute Sections 202.18(2)(c), 212.20(6), 218.60-.67, 409.915. <br />Only those counties that meet the eligibility requirements for revenue sharing <br />pursuant to Florida Statute 218.23 may participate. <br />SOURCE: <br />USE: <br />State receives sales and use taxes and multiplies the amount by <br />8.814% after the reduction for State Trust Funds. Monies are then <br />distributed to counties and municipalities based on a distribution <br />factor. These funds are then split between the General and M.S.T.U. Funds. <br />All MSTU Fund expenditures. <br />METHOD OF PAYMENT: <br />FREQUENCY OF <br />COLLECTION: <br />APPROXIMATE <br />ANNUAL REVENUE: <br />Based on consumer spending, collected by the State and remitted to the County. <br />State remits payment to the County on a monthly basis. <br />$3,600,000 <br />$4,300,000 <br />$4,000,000 <br />$3,700,000 <br />$3,400,000 <br />$ 3,100,000 <br />$2,800,000 <br />$2,500,000 <br />Historical Revenues <br />$3,436,349 $3,416,030 <br />$3,313,200 <br />$3,615,186 <br />$4,128,336 <br />2009/10 2010/11 a 2011/12 m 2012/13 m 2013/14 <br />14 <br />2ry.i1/4 <br />