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Florida DOR Announces Gas, Sulfur Production Tax Rates Effective July 2019

Original Source PDF
Dated May 20, 2019

Citations: TIP No. 19B07-02

SUMMARY BY TAX ANALYSTS

The Florida Department of Revenue has announced the adjusted tax rates for the production of gas and sulfur, effective July 1, 2019, through June 30, 2020; the rate for gas production is 22.5 cents per thousand cubic feet, and the rate for sulfur production is $5.79 per ton.

FULL TEXT PUBLISHED BY TAX ANALYSTS

Gas and Sulfur Production Tax Rates for 2019-2020

Producers of Gas and Sulfur

On July 1 of each year, the tax rates for production of gas and sulfur are adjusted as provided by law. The adjusted rates must be used when completing the Declaration of Estimated Gas and Sulfur Production Tax (Form DR-144ES) beginning with the July 2019 estimated payment. Form DR-144ES will be mailed to all active accounts during the last week of July.

Gas Production

Tax Year

Tax Rate

Effective July 1, 2019

$0.225 per MCF

Gas Production Tax Rate Calculation:

$0.171

(Base Rate)

x 1.31324

(Base Rate Adjustment)

$0.225 per MCF

(1,000 cubic feet)

Sulfur Production

Tax Year

Tax Rate

Effective July 1, 2019

$5.79 per ton

Sulfur Production Tax Rate Calculation:

$2.43

(Base Rate)

x 2.38459

(Base Rate Adjustment)

$5.79

per ton

The rates are calculated based on the previous calendar year's producer price indices published by the United States Bureau of Labor Statistics.

References: Sections 211.025 and 211.026, Florida Statutes

DOCUMENT ATTRIBUTES
Jurisdictions
Subject Areas / Tax Topics
Industry Groups
Energy
Mining and extraction
Institutional Authors
Florida Department of Revenue
Tax Analysts Document Number
DOC 2019-19599
Tax Analysts Electronic Citation
2019 STT 97-23
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