Dictionary
severance tax
noun
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
ADVERTISEMENT
First Known Use of SEVERANCE TAX
1928
Browse
Next Word in the Dictionary: severationPrevious Word in the Dictionary: severance payAll Words Near: severance tax
ADVERTISEMENT
Seen & Heard
What made you want to look up severance tax? Please tell us where you read or heard it (including the quote, if possible).