§ 42-108. Disposition of taxes collected.

(a)

The county shall retain all business tax revenues collected from business, professionals, or occupations whose places of business are located within the unincorporated areas of the county. Any business tax revenues collected by the county from businesses, professions, or occupations whose places of business are located within a municipality, exclusive of the costs of collection, shall be apportioned between the unincorporated area of the county and the incorporated municipalities located therein by a ratio derived by dividing their respective populations by the population of the county. As used in this section, the term "population" means the latest official state estimate of population certified under F.S. § 186.901.

(b)

The revenues so apportioned shall be sent to the governing authority of each municipality according to its ratio and to the governing authority of the county according to the ratio of the unincorporated area within 15 days following the month of receipt.

(c)

The clerk of the circuit court of the county, acting as clerk and auditor to the board, is hereby authorized and directed to establish in the accounts of the board of county commissioners a county economic development trust fund. 70 percent of the county's share of the proceeds of the business tax shall be placed in the county economic development trust fund.

(Code 1982, § 1-12-22; Ord. No. 00-06, pt. A, 9-19-2000; Ord. No. 07-016, pt. A, 9-4-2007)

State law reference

Distribution of county revenues, F.S. § 205.0536.