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.

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Meanings

nounseverance tax (countable and uncountable, plural severance taxes)

plural severance taxes

  1. UScountableuncountableA state tax on the extraction of nonrenewable natural resources (such as minerals, petroleum, or natural gas) that will be used in another state.
Cite this entry
APA

severance tax. (n.d.). In WatkinsX Dictionary. Retrieved November 4, 2026, from https://dictionary.watkinsx.com/word/severance%20tax

MLA

“severance tax.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/severance%20tax. Accessed November 4, 2026.

Chicago

WatkinsX Dictionary, s.v. “severance tax,” accessed November 4, 2026, https://dictionary.watkinsx.com/word/severance%20tax.

Source: severance tax on Wiktionary, CC BY-SA 4.0.