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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.
Origin
1925-1930
1925-30
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Examples from the web for severance tax
  • Both benefited significantly from higher oil and mineral prices, which drove up severance tax revenues.
  • If you file the resources excise tax, you must file a severance tax report.

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14
17
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