§ 27-17. Additional fifth and sixth cent local option gas tax.

(a)

Imposed. There is hereby imposed a fifth and sixth cent local option gas tax, in addition to and above the existing four cent ($0.04) local option gas tax, upon every gallon of motor fuel and special fuel sold in Hernando County and taxed under the provisions of chapter 206, Florida Statutes.

(b)

Effective period. The fifth and sixth cent local option gas tax imposition hereby made shall be effective from September 1, 2015, to December 31, 2044, both inclusive.

(c)

Distribution ratio. The ratio for dividing and distributing the proceeds of the tax for subsequent years shall be recalculated, pursuant to the agreement, as of July first of each year, which said recalculation shall be transmitted to the department of revenue for distribution.

(Ord. No. 2015-10, § 1, 6-23-15; Ord. No. 2015-14, § 2, 7-28-15)