FL – Gas and Sulfur production tax rates for 2024-2025 announced

Florida has issued the severance tax rates for the production of gas and sulfur effective July 1, 2024, through June 30, 2025.

Gas and Sulfur Severance Tax Rates

During that time period:

• production of gas is taxed at the rate of $0.20 per MCF; and

• sulfur production is taxed at the rate of $6.72 per ton.

Gas and Sulfur Producers

The tax rates are adjusted on July 1 of each year. The adjusted rates must be used when completing the Declaration of Estimated Gas and Sulfur Production Tax (Form DR-144ES) beginning with the July 2024 estimated payment. Tax Information Publication, No. 24B07-02, Florida Department of Revenue, May 6, 2024