What does severance taxes mean?
Definitions for severance taxes
sev·er·ance tax·es
This dictionary definitions page includes all the possible meanings, example usage and translations of the word severance taxes.
Wiktionary
severance taxesnoun
Plural form of severance tax.
Wikipedia
severance taxes
Severance taxes are taxes imposed on the removal of natural resources within a taxing jurisdiction. Severance taxes are most commonly imposed in oil producing states within the United States. Resources that typically incur severance taxes when extracted include oil, natural gas, coal, uranium, and timber. Some jurisdictions use other terms like gross production tax. Note that severance taxes are used in jurisdictions where most resource extraction occurs on privately owned land and/or where sub-surface minerals are privately owned (for example, the United States). Where the resources are publicly owned to begin with (for example, in most Commonwealth and European Union countries), it is not a tax but rather a resource royalty that is paid. In the case of the forestry industry, this royalty is called "stumpage".
Numerology
Chaldean Numerology
The numerical value of severance taxes in Chaldean Numerology is: 8
Pythagorean Numerology
The numerical value of severance taxes in Pythagorean Numerology is: 8
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"severance taxes." Definitions.net. STANDS4 LLC, 2024. Web. 27 Apr. 2024. <https://www.definitions.net/definition/severance+taxes>.
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