Recent Examples of severance tax from the Web
Currently, the royalty legislation is attached to a House proposal to enact a severance tax on natural gas, which has also been stalled for years.
The state’s education budget, 65 percent of which comes from federal mineral royalties and severance taxes, has been especially hard hit.
The amount of oil and gas severance tax the state expects to collect this year was downgraded by nearly 11 percent; next year’s collections were revised down 20 percent.
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