: a tax levied by a state on the extractor of oil, gas, or minerals intended for consumption in other states compare royaltysense 5a
Example Sentences
Recent Examples on the WebDuring that time, the amount of severance tax – 10 cents per barrel of oil and 2.5 cents per thousand cubic feet of natural gas – grew nearly every year. Eric Heisig, cleveland, 19 Mar. 2022 Their other major battle has been fighting an increase in a coal severance tax. Kate Aronoff, The New Republic, 4 Jan. 2022 For decades, private timber owners in Oregon paid a severance tax.oregonlive, 2 Mar. 2021 For decades, private timber owners in Oregon paid a severance tax.oregonlive, 2 Mar. 2021 With the state emerging from a significant recession, the position would test the knowledge Duncan had attained over the past decade and bring new challenges as well — such as implementing a severance tax on oil and gas production enacted in 1983. Tax Notes Staff, Forbes, 27 Dec. 2021 For decades, private timber owners in Oregon paid a severance tax.oregonlive, 2 Mar. 2021 Changing the severance tax from 25 cents a barrel to 12.5 percent of value made Louisiana the most cash-rich state in the nation at the time while New York City was going bankrupt, said Honeycutt, his official biographer.NBC News, 12 July 2021 For decades, private timber owners in Oregon paid a severance tax.oregonlive, 2 Mar. 2021 See More