Sec. 793.104. - Use.

Prior to October 1, 2001 (the effective date of the discretionary communications services tax), certain of the public service tax imposed by Chapter 790 , Ordinance Code, certain franchise fees paid to the City, and certain permit fees were paid to the City (collectively, "fees"). Subsequent to October 1, 2001, said fees are included within the discretionary communications services tax. It is the intent of the Council that the tax revenue derived from the discretionary communications services tax imposed by F.S. Ch. 202, shall be allocated as follows: (a) First, to that portion attributable to the permit fees (0.12 percent described in Section 793.102 ); and (b) Second, to that portion attributable to the cable capacity (which is the sum of the following: 0.6 percent which is the difference between the maximum local discretionary communications services tax rate of 5.1 percent described in Section 793.101 and the conversion rate of 4.5 percent described in F.S. § 202.20(1)(b) for the jurisdiction Duval/Jacksonville); (c) The balance of the discretionary communications services tax shall be allocated as follows: (i) Fifteen percent to represent the former franchise fees now included in the discretionary communications services tax; and (ii) Eighty-five percent to represent the former public service tax on telecommunications now included in the discretionary communications services tax. It is the intent of the Council that with reference to the amount stated in Section 793.104 (c)(ii), the aforementioned 85 percent, the revenues shall be allocated by an interlocal agreement between the City and the Jacksonville Seaport Authority for the development of marine facilities. The interlocal agreement shall provide that 50 percent of the difference between the amount listed in Section 793.104 (c)(ii) and the "base tax amount." The "base tax amount" shall be calculated by the City Treasurer as follows: the public service taxes collected on local telephone services for the fiscal year 1991-1992, as increased by five percent for the fiscal year 1992-1993 and thereafter increased each year by the lesser of five percent or the annual percent increase in the tax receipts received pursuant to Sections 793.101 and 793.102 over the amount of the tax receipts received from the previous year. (Ord. No. 2002-794-E, § 2)