DATE ISSUED: February 10, 2014
Each year on July 1, the index prices used by distribution companies to calculate gross receipts tax on the sale or transportation of natural or manufactured gas to retail consumers are adjusted according to law.
Chapter 203.01(1)(d)2., Florida Statutes (F.S.), directs the Department to use the last posted index price until the United States Department of Energy Information Administration (EIA) posts a current index in Natural Gas Monthly or the Department adopts a comparable index by rule.
The 2012 natural gas industrial index price was not available when TIP 13B06-01 was issued in May 2013, so the 2011 industrial index price was published. In January 2014, the EIA Natural Gas Monthly published an updated industrial index price.
Beginning with the April Gross Receipts Tax Return (Form DR-133) and payment due in May 2014, the index price for industrial consumers is $6.96 per 1,000 cubic feet. Note: Residential and commercial index prices are the same as published in May 2013.
Natural/Manufactured Gas Index Prices for Industrial Consumers per 1,000 cubic feet
|July 1, 2013 - March 30, 2014**||April 1, 2014 - June 30, 2014|
Natural/Manufactured Gas Index Prices for Residential and Commercial Consumers
per 1,000 cubic feet effective
July 1, 2013 through June 30, 2014 (published in TIP 13B06-01)
|Residential **||Commercial **|
The gross receipts tax due on the sale or transportation of natural or manufactured gas to retail consumers in Florida is calculated by multiplying the quantity sold or transported by the appropriate index prices listed above and then applying the 2.5% gross receipts tax rate. See the instructions on the Gross Receipts Tax Return (Form DR-133).
** Per statute, the source for Florida index prices is the United States Department of Energy Information Administration (EIA) Natural Gas Monthly. These natural gas prices were published on April 30, 2013.
References: Subparagraphs 203.01(1)(d)2. and 203.01(1)(e)2., Florida Statutes
This document is intended to alert you to the requirements contained in Florida laws and administrative rules. It does not by its own effect create rights or require compliance.
For forms and other information, visit our website at www.floridarevenue.com or call Taxpayer Services at 800-352-3671, Monday through Friday (excluding holidays).
For a detailed written response to your questions, write the Florida Department of Revenue, Taxpayer Services, MS 3-2000, 5050 West Tennessee Street, Tallahassee, FL 32399-0112.