severance tax

noun

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 of severance tax

First recorded in 1925–30

Words nearby severance tax

severalfold, severally, severalty, severance, severance pay, severance tax, severe, severe acute respiratory syndrome, severe combined immune deficiency, severe combined immunodeficiency, severinus