FL Dept Rev - Severance Tax

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	Severance Tax
	Rule 12B-7.004, F.A.C. Rule 12B-7.008, F.A.C. Rule 12B-7.026, F.A.C.

Rule Number:12B-7.004

Rule Title:Rate of Tax; Oil, Gas and Sulfur

Cabinet to Adopt:	12/08/09

Hearing:	10/13/09

Cabinet to Approve Rulemaking:	08/25/09

Workshop (If Requested):	07/28/09

Purpose:Effective July 1, 2009, Section 2, Chapter 2009-139, L.O.F., imposes new tax rates on oil produced by tertiary methods in Florida. The purpose of the proposed amendments to Rule 12B-7.004, F.A.C. (Rate of Tax; Oil, Gas, and Sulfur), is to include the new tax rates imposed on oil produced by tertiary methods in Florida.