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Florida Administrative Code (Last Updated: April 18, 2024) |
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12. Department of Revenue |
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12B. Miscellaneous Tax |
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12B-7. Severance Taxes, Fees, And Surcharges |
1(1) Tax Paid to United States. The value of any oil production shall not include any wellhead or other production taxes imposed by the United States on producers to the extent such tax or taxes do not provide a credit or deduction for the taxes imposed by this state.
50(2) Transportation Charges. The actual freight charge prepaid by taxpayer or included in the invoice price on such products to the place of delivery shall be deducted from gross proceeds of sales used in determining the amount of tax.
89(3) Lease Operations. Oil and gas used for lease operations on the lease where produced are not taxable.
107(4) Where gas is returned to a horizon or horizons in the field where produced either through wells on the lease from which produced or on other leases, that portion of the gas so returned shall not be considered in arriving at the volume of the gas produced that is subject to tax.
160(5) 161Gas vented or flared directly into the atmosphere that is not sold is not subject to tax.
178(6) Tax Credits. See Rule Chapter 12-29, F.A.C., for provisions on credits against the tax on oil production in Florida imposed under S201ection 202211.02, F.S., 204or on gas production in Florida imposed under Section 213211.025, F.S.
215Rulemaking Authority 217211.125(1), 218213.06(1), 2191002.395(13) FS. 221Law Implemented 223211.02, 224211.025, 225211.0251, 226211.027, 2271002.395 FS. 229History–New 12-28-78, Formerly 12B-7.06, Amended 12-18-94, 1-12-11.
