severance tax
noun Date: 1928 a tax levied by a state on the extractor of oil, gas, or minerals intended for consumption in other states — compare royalty 5a

New Collegiate Dictionary. 2001.

Look at other dictionaries:

  • Severance Tax — A tax imposed on the removal of nonrenewable resources such as crude oil, condensate and natural gas, coalbed methane and carbon dioxide. Severance tax is charged to producers, or anyone with a working or royalty interest, in oil or gas… …   Investment dictionary

  • severance tax — noun : a tax on the taking and use of natural resources imposed at the time the mineral or other product is extracted or severed from the earth * * * a tax levied by a state on the extraction and use of a natural product, as coal, that is sold… …   Useful english dictionary

  • severance tax — A tax directed against the production, or severance from the soil, of natural resources such as timber, oil, natural gas etc. 51 Am J1st Tax § 1259. A tax on the skin of a fur bearing animal taken within the state. 35 Am J2d Fish § 41 …   Ballentine's law dictionary

  • severance tax — sev′erance tax n. cvb bus gov a tax levied by a state on the extraction and use of a natural product, as coal, that is sold outside the state • Etymology: 1925–30 …   From formal English to slang

  • severance tax — a tax levied by a state on the extraction and use of a natural product, as coal, that is sold outside the state or during a certain period. [1925 30] * * * …   Universalium

  • severance tax — noun a state tax on the extraction of nonrenewable natural resources (such as minerals, petroleum, or natural gas) that will be used in another state …   Wiktionary

  • severance — I noun bifurcation, cleavage, demarcation, detachment, differentiation, disassociation, discrimination, distinction, distinguishment, division, divorce, fission, isolation, scission, segregation, separation, sunderance, withdrawal associated… …   Law dictionary

  • tax — A charge by the government on the income of an individual, corporation, or trust, as well as the value of an estate or gift. The objective in assessing the tax is to generate revenue to be used for the needs of the public. A pecuniary burden laid …   Black's law dictionary

  • Tax system in China — Taxes provide the most important revenue source for the Government of the People s Republic of China. As the most important source of fiscal revenue, tax is a key economic player of macro economic regulation, and greatly affects China s economic… …   Wikipedia

  • income tax — Synonyms and related words: VAT, ad valorem duty, alcohol tax, amusement tax, assessment on default, capital gains tax, capitation, capitation tax, corporation tax, customs, customs duty, death duty, death tax, doomage, duty, estate duty, estate… …   Moby Thesaurus

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