TIP # 00B07-01
Solid Mineral Tax Rates for Year 2000
Phosphate Rock and Heavy Minerals Producers
Each calendar year the tax rates for production of phosphate rock and heavy minerals are adjusted as provided by law. The rates are calculated based on producer price indices published by the Bureau of Labor Statistics. These adjusted rates must be used in completing the Declaration of Estimated Tax and Installment Payments of Solid Mineral Severance Tax (Form DR-142ES).
*No funds were specified for the Nonmandatory Land Reclamation Trust Fund. Therefore, the base rate of $1.35 per ton is reduced by 20% as specified in s. 211.3101(5)(c), F.S.
Other Solid Minerals Producers
There was no change in the tax rate for production of other solid minerals. The tax is 8% of the taxable value of other solid minerals produced.