SECTION 211.06. Oil and Gas Tax Trust Fund; distribution of tax proceeds.
Latest version.
1All taxes, interest, and penalties imposed under this part shall be collected by the department and placed in a special fund designated the “Oil and Gas Tax Trust Fund.”
30(1) 31There 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.
61(2) 62The 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:
90(a) 91To the credit of the General Revenue Fund of the state:
1021. 103Seventy-five percent of the proceeds from the oil production tax imposed under s. 116211.02(1)(c)117.
1182. 119Sixty-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. 143211.02(1)(a)144and (b).
1463. 147Sixty-seven and one-half percent of the proceeds from the tax on gas imposed under s. 162211.025163.
1644. 165Sixty-seven and one-half percent of the proceeds of the tax on sulfur imposed under s. 180211.026181.
182(b) 183To 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:
2111. 212Twelve and one-half percent of the proceeds from the tax on oil imposed under s. 227211.02(1)(c)228.
2292. 230Twenty percent of the proceeds from the tax on small well oil, tertiary oil, and mature field recovery oil imposed under s. 252211.02(1)(a)253and (b).
2553. 256Twenty percent of the proceeds from the tax on gas imposed under s. 269211.025270.
2714. 272Twenty percent of the proceeds from the tax on sulfur imposed under s. 285211.026286.
287(c) 288To the credit of the Minerals Trust Fund:
2961. 297Twelve and one-half percent of the proceeds from the tax on oil imposed under s. 312211.02(1)(c)313.
3142. 315Sixteen and one-half percent of the proceeds from the tax on small well oil, tertiary oil, and mature field recovery oil imposed under s. 339211.02(1)(a)340and (b).
3423. 343Twelve and one-half percent of the proceeds from the tax on gas imposed under s. 358211.025359.
3604. 361Twelve and one-half percent of the proceeds from the tax on sulfur imposed under s. 376211.026377.
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.
