Florida Tax: Solid Mineral Tax Rates for Year 2010

Phosphate Rock Producers

Phosphate rock producers are subject to a surtax and tax rate as provided by law. Use the 2010 rates when completing the Declaration of Estimated Tax and Installment Payments of Solid Mineral Severance Tax (Form DR-142ES).

Phosphate Rock
Year 2010 Tax Rate                       $1.945 per ton 
Plus: Year 2010 Surcharge Rate      $1.38 per ton $1.38 per ton 
Total 2010 Tax Rate                       $3.325 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 2010 rates when completing the Declaration of Estimated Tax and Installment Payments of Solid Mineral Severance Tax (Form DR-142ES).

Heavy Minerals
Base Rate                          $1.34 per ton 
Times: Base Rate Adjustment          2.3613 
Year 2010 Tax Rate                        $3.16 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.

TAX NEWS - march 2010

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