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The Florida Statutes

The 2001 Florida Statutes

Title XIV
Taxation And Finance
Chapter 211
Tax On Production Of Oil And Gas And Severance Of Solid Minerals
View Entire Chapter
Section 211.06, Florida Statutes 2001

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 Comptroller to refund any overpayments which have been properly approved.

(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, through June 30, 1995, as follows:

(a)  To the credit of the General Revenue Fund of the state:

1.  Eighty-seven and one-half percent of the proceeds from the oil production tax imposed under s. 211.02(1)(b).

2.  Eighty percent of the proceeds from the tax on small well oil and tertiary oil imposed under s. 211.02(1)(a).

3.  Eighty percent of the proceeds from the tax on gas imposed under s. 211.025.

4.  Eighty 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)(b).

2.  Twenty percent of the proceeds from the tax on small well oil and tertiary oil imposed under s. 211.02(1)(a).

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.

(3)  Beginning July 1, 1995, 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)(b).

2.  Sixty-seven and one-half percent of the proceeds from the tax on small well oil and tertiary oil imposed under s. 211.02(1)(a).

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)(b).

2.  Twenty percent of the proceeds from the tax on small well oil and tertiary oil imposed under s. 211.02(1)(a).

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)(b).

2.  Twelve and one-half percent of the proceeds from the tax on small well and tertiary oil imposed under s. 211.02(1)(a).

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.

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