TIP #11B07-02
DATE ISSUED: March 31, 2011
Solid Mineral Tax Rates for Year 2011
Phosphate Rock Producers
Phosphate rock producers are subject to a surtax and tax rate as provided by law. Use the 2011/2012 rates when completing the Declaration/Installment Payment of Estimated Solid Mineral Severance Tax (Form DR-142ES).
| Tax Rate Period | Tax Rate |
|---|---|
| July 1, 2010 – June 30, 2011 | $1.71 per ton |
| July 1, 2011 – June 30, 2012 | $1.61 per ton |
Heavy Minerals Producers
Each calendar year the tax rate for production of heavy minerals is adjusted as provided by law. The rates are based on producer price indices published by the Bureau of Labor Statistics. Use the 2011 rates when completing the Declaration/Installment Payment of Estimated Solid Mineral Severance Tax (Form DR-142ES).
| Heavy Minerals | |
|---|---|
| Base Rate | $1.34 per ton |
| Times: Base Rate Adjustment | 2.3853 |
| Year 2011 Tax Rate | $3.20 per ton |
Other Solid Minerals Producers
There was no change in the tax rate for production of other solid minerals. The tax remains 8% of the taxable value of other solid minerals produced.
References: Sections 211.31, 211.3101, and 211.3106, Florida Statutes
For More Information
This document is intended to alert you to the requirements contained in Florida laws and administrative rules. It does not by its own effect create rights or require compliance.
For forms and other information, visit our Internet site at www.myflorida.com/dor or call Taxpayer Services, 8:00 a.m. to 7:00 p.m., ET, Monday through Friday, excluding holidays, at 800-352-3671.
For a detailed written response to your questions, write the Florida Department of Revenue, Taxpayer Services, Mail Stop 3-2000, 5050 West Tennessee Street, Tallahassee, FL 32399-0112.