(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.
(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.
Structure Florida Statutes
Title XIV - Taxation and Finance
Chapter 211 - Tax on Production of Oil and Gas and Severance of Solid Minerals
Part I - Tax on Production of Oil and Gas (Ss. 211.01-211.25)
211.02 - Oil production tax; basis and rate of tax; tertiary oil and mature field recovery oil.
211.025 - Gas production tax; basis and rate of tax.
211.0251 - Credit for contributions to eligible nonprofit scholarship-funding organizations.
211.0252 - Credit for contributions to the New Worlds Reading Initiative.
211.0253 - Credit for contributions to eligible charitable organizations.
211.026 - Sulfur production tax; basis and rate of tax.
211.04 - Assessment upon escaped oil; claims against same.
211.06 - Oil and Gas Tax Trust Fund; distribution of tax proceeds.
211.075 - Payment of tax; returns; filing requirements; estimated tax declarations.
211.076 - Interest and penalties; failure to pay tax or file return; estimated tax underpayments.
211.09 - Collection of tax; duties of producer, operator, and purchaser.