Form Dr-144 - Gas And Sulfur Production Quarterly Tax Return (Page 5 of 10) in pdf

DR-144

R. 07/12

Page 5

Instructions for Filing the Gas and

Sulfur Production Quarterly Tax Return

Who Must File? Every producer of gas and sulfur in Florida must

Electronic Funds Transfer: Any taxpayer who paid more than

file a quarterly tax return. Producers must file a return even if no

$20,000 in severance taxes between July 1 and June 30 (the

tax is due. Producer means any person who:

state’s fiscal year), must pay their taxes by electronic funds

transfer in the next calendar year. Visit the Department’s Internet

•

Owns, controls, manages, or leases oil or gas property.

site at

•

Owns, controls, manages, or leases oil or gas wells.

•

Produces any taxable gas or sulfur product.

Amended Returns: If you are filing an amended return, use a

•

Owns any royalty or other interest in any taxable product

new Form DR-144 and check the “amended” box on the front

(consistent with gas and sulfur production) or its value,

page. Enter your name, address, federal employer identification

whether the taxable product is produced by, or on behalf of

number (FEIN), and the taxable quarter you are amending.

someone under a lease contract or otherwise.

Complete the entire return, showing the total production of gas

When Must Estimated Tax be Paid? Estimated tax must be

and sulfur for the quarter covered by the amended return. On

paid in monthly installments (see Form DR-144ES). You must pay

Line 12b, list the estimated payments made, and the payment (if

any balance due on your quarterly return on or before the due

any) made when the original return was filed. If Line 13 results in

date on the return.

additional tax due, you must calculate penalties and interest from

the original due date to the date the amended return and payment

Return Due Date: The quarterly return is due on or before the

are postmarked.

day of the second month following the end of each calendar

quarter. For example, the return for the third quarter, ending

Mail your completed return and payment to:

September 30, would be due on or before November 25. If the

Florida Department of Revenue

due date falls on a Saturday, Sunday, state or federal holiday,

5050 W Tennessee St

returns and payments will be considered timely if postmarked on

Tallahassee FL 32399-0150

the next business day. Late-filed returns are subject to penalty

Tax Rates – Annual tax rates for gas production and for sulfur

and interest.

production are determined annually by the Department as

Late Returns: If your return and payment are late, a delinquency

provided in sections 211.025 and 211.026, F.S., and entered

penalty of 10 percent of any tax due will be added for each

by the Department. Annual tax rates are published in Taxpayer

month, or portion of a month, the return is late. A maximum

Information Publications (TIPs) on the Department's Internet site

delinquency penalty, which cannot exceed 50 percent of tax

due, will be assessed. A minimum penalty of $50 per month, or

Schedule I: Complete this schedule if you are a producer of

portion of a month, applies even if no tax is due. This penalty

gas. Gas means all natural gas, including casinghead gas, and

cannot exceed $300. Florida law provides a floating rate of

all hydrocarbons not defined as oil. This excludes any hydrogen

interest for late payments of tax. Interest rates, including daily

sulfide gas or sulfur contained, produced, or recovered from such

rates are published in Tax Information Publications (TIPs) that are

hydrogen sulfide gas. You must specify the volume by thousand

updated semiannually on January 1 and July 1 of each year and

cubic feet (mcf) as produced by county. A cubic foot is defined

posted online at

as the volume of gas contained in one cubic foot of space at a

Underpayment of Estimated Tax: You must

base temperature of 60 degrees Fahrenheit and a base pressure

pay a penalty (at the rate of 12 percent per

of 14.65 pounds per square inch. Enter the county name where

year) and interest (at a floating rate) on any

the gas is produced. Enter the total taxable volume on Line 4 and

underpayment of estimated tax. For more

calculate the tax due.

information, see Form DR-144ES.

Penalty for Substantial Underpayment: If

your underpayment exceeds 35 percent

of the total tax due, you will be subject to

a substantial underpayment penalty of 30

percent of the underpayment. This will be in

addition to other penalties and interest.

Form Dr-144 - Gas And Sulfur Production Quarterly Tax Return Page 5

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