Advertisement

Advertisement

severance tax

noun

  1. 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.


Discover More

Word History and Origins

Origin of severance tax1

First recorded in 1925–30

Discover More

Example Sentences

“He tried to do a severance tax on the energy industry,” said Zawistowski.

Advertisement

Word of the Day

tortuous

[tawr-choo-uhs ]

Meaning and examples

Start each day with the Word of the Day in your inbox!

By clicking "Sign Up", you are accepting Dictionary.com Terms & Conditions and Privacy Policies.

Advertisement

Advertisement

Advertisement