severance tax - definition. What is severance tax
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Severance tax         
TAX ON NON-RENEWABLE NATURAL RESOURCES
Severance taxes; Gross production tax; Extraction tax
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.
Severance tax legislative history in California         
  • Former State Senator Noreen Evan, sponsor of the latest legislative attempt to pass a severance tax in 2014.
  • Tom Steyer, a lead advocate for a severance tax in California.
A severance tax is an article of legislation that imposes a tax on the extraction of natural resources. In the United States, California is the only state that does not impose a significant severance tax.
Cordenio Severance         
AMERICAN LAWYER (1862–1925)
Mrs. Cordenio Arnold Severance; Cordenio Arnold Severance; Cordenio A. Severance
Cordenio Arnold Severance (1862-1925) was an American lawyer from Minnesota. He co-founded the American Law Institute and served as President of the American Bar Association.
أمثلة من مجموعة نصية لـ٪ 1
1. He enacted the state‘s first severance tax on minerals mined and pumped from Wyoming, and created a permanent trust fund where severance tax money was invested, earning enough to run a major portion of the state‘s government operations today.
2. For every ton of mined coal, Kentucky and West Virginia levy a 4.5 percent and 5 percent severance tax, respectively.
3. Legislators, however, had the chance for a do–over this week when Beebe convened a special session to consider a hike in the state‘s severance tax on natural gas.