severance tax


Definition of SEVERANCE TAX

:  a tax levied by a state on the extractor of oil, gas, or minerals intended for consumption in other states — compare royalty 5a

First Known Use of SEVERANCE TAX



Next Word in the Dictionary: severationPrevious Word in the Dictionary: severance payAll Words Near: severance tax
July 01, 2015
precarious Hear it
not certain, secure, or steady
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