Form Dr-145 - Instructions For Filing Oil Production Monthly Tax Return (Page 2 of 2) in pdf

Form Dr-145 - Instructions For Filing Oil Production Monthly Tax Return Page 2

DR-145

R. 02/00

Page 4

Instructions for Completing the Return

Schedule I: Complete this schedule to report production of ordinary oil subject to the 8 percent tax rate.

“Ordinary oil” includes all oil that does not qualify as tertiary oil or small well oil. Enter the gross production,

exemptions, and value per barrel for each county in a separate column, and carry forward the total taxable

value to the front of the return.

Schedule II: Complete this schedule to report production of small well oil or tertiary oil subject to the 5 percent

tax rate. “Small well oil” means oil produced from a well from which less than 100 barrels of oil per day were

severed, considering only those days of the month during which production of oil from the well actually

occurred. The term “tertiary oil” means the excess barrels of oil produced, or estimated to be produced, as a

result of the actual use of tertiary recovery methods in a qualified tertiary recovery project, over the barrels of

oil which could have been produced by continued maximum feasible production methods in use prior to the

start of tertiary recovery. Enter the gross production, exemptions, and value per barrel for each county in a

separate column, and carry forward the total taxable value to the front of the return.

Front page of return: Carry the totals forward from the schedules to the appropriate line and column on the

front page of the return. Calculate the tax due using the printed tax rates on the form. If the return and

payment are late, calculate and add penalty and interest as instructed on the return. To calculate interest, use

the prorated daily interest factor multiplied by the number of days late, then multiply by the amount of tax due

on line 7. See instructions on Page 3.

Sign and date the return and mail it with your payment to the Florida Department of Revenue,

5050 W Tennessee St, Tallahassee, FL 32399-0150. If the payment is made by electronic funds transfer (EFT),

check the box in the top part of the form.

Form Dr-145 - Instructions For Filing Oil Production Monthly Tax Return Page 2