Definition of State severance taxes

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TeachMeFinance.com - explain State severance taxes



State severance taxes

The term 'State severance taxes' as it applies to the area of energy can be defined as ' Any severance, production, or similar tax, fee, or other levy imposed on the production of crude oil, natural gas, or coal by any State, local government acting under authority of State law, or by an Indian tribe recognized as eligible for services by the Secretary of the Interior'.

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Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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