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2014 Florida Statutes

Title XIV TAXATION AND FINANCE
Chapter 211 TAX ON PRODUCTION OF OIL AND GAS AND SEVERANCE OF SOLID MINERALS Entire Chapter
SECTION 06
Oil and Gas Tax Trust Fund; distribution of tax proceeds.
F.S. 211.06
211.06 Oil and Gas Tax Trust Fund; distribution of tax proceeds.—All taxes, interest, and penalties imposed under this part shall be collected by the department and placed in a special fund designated the “Oil and Gas Tax Trust Fund.”
(1) There is hereby annually appropriated a sufficient amount from the Oil and Gas Tax Trust Fund for the Chief Financial Officer to refund any overpayments that have been properly approved.
1(2) The remaining proceeds in the Oil and Gas Tax Trust Fund shall be distributed monthly by the department and shall be paid into the State Treasury as follows:
(a) To the credit of the General Revenue Fund of the state:
1. Seventy-five percent of the proceeds from the oil production tax imposed under s. 211.02(1)(c).
2. Sixty-three and one-half percent of the proceeds from the tax on small well oil, tertiary oil, and mature field recovery oil imposed under s. 211.02(1)(a) and (b).
3. Sixty-seven and one-half percent of the proceeds from the tax on gas imposed under s. 211.025.
4. Sixty-seven and one-half percent of the proceeds of the tax on sulfur imposed under s. 211.026.
(b) To the credit of the general revenue fund of the board of county commissioners of the county where produced, subject to the service charge imposed under chapter 215:
1. Twelve and one-half percent of the proceeds from the tax on oil imposed under s. 211.02(1)(c).
2. Twenty percent of the proceeds from the tax on small well oil, tertiary oil, and mature field recovery oil imposed under s. 211.02(1)(a) and (b).
3. Twenty percent of the proceeds from the tax on gas imposed under s. 211.025.
4. Twenty percent of the proceeds from the tax on sulfur imposed under s. 211.026.
(c) To the credit of the Minerals Trust Fund:
1. Twelve and one-half percent of the proceeds from the tax on oil imposed under s. 211.02(1)(c).
2. Sixteen and one-half percent of the proceeds from the tax on small well oil, tertiary oil, and mature field recovery oil imposed under s. 211.02(1)(a) and (b).
3. Twelve and one-half percent of the proceeds from the tax on gas imposed under s. 211.025.
4. Twelve and one-half percent of the proceeds from the tax on sulfur imposed under s. 211.026.
History.—s. 6, ch. 22784, 1945; s. 6, ch. 23883, 1947; s. 2, ch. 61-119; s. 1, ch. 65-146; ss. 21, 35, ch. 69-106; s. 13, ch. 83-137; s. 6, ch. 86-178; s. 8, ch. 87-96; s. 1, ch. 94-197; s. 183, ch. 2003-261; s. 17, ch. 2005-2; s. 32, ch. 2010-5; s. 7, ch. 2012-32.
1Note.—Section 25, ch. 2012-32, provides that:

“(1) The executive director of the Department of Revenue is authorized, and all conditions are deemed met, to adopt emergency rules under ss. 120.536(1) and 120.54(4), Florida Statutes, for the purpose of implementing this act.

“(2) Notwithstanding any provision of law, such emergency rules shall remain in effect for 6 months after the date adopted and may be renewed during the pendency of procedures to adopt permanent rules addressing the subject of the emergency rules.”