severance tax
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
1Words Nearby severance tax
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2024
How to use severance tax in a sentence
Let’s stop playing games here and go back to what we used to have in the ’90s, which was a real severance tax.
Oregon Lawmakers Set Out to Increase the Timber Industry’s Tax Bill. Instead, They Cut It Again. | by Tony Schick, Oregon Public Broadcasting, and Rob Davis, The Oregonian/OregonLive | June 29, 2021 | ProPublicaWhile the severance tax was eliminated for all but small landowners in 1999, timber companies continued to pay a harvest tax on the volume of trees they logged.
Oregon Lawmakers Set Out to Increase the Timber Industry’s Tax Bill. Instead, They Cut It Again. | by Tony Schick, Oregon Public Broadcasting, and Rob Davis, The Oregonian/OregonLive | June 29, 2021 | ProPublicaGross said he did not forecast any significant financial effect on the companies if lawmakers reinstated a severance tax of 5%, which would be assessed based on the value of trees at the time they’re cut down.
Oregon’s Logging Industry Says It Can’t Afford New Taxes. But Prices Have Never Been Higher and Profits Are Soaring. | by Rob Davis, The Oregonian/OregonLive, and Tony Schick, Oregon Public Broadcasting | March 2, 2021 | ProPublicaA severance tax would reduce Oregon’s competitiveness with other timber-producing regions and “on the margin lead to less production,” Goodnow said, particularly if the market for lumber weakens.
Oregon’s Logging Industry Says It Can’t Afford New Taxes. But Prices Have Never Been Higher and Profits Are Soaring. | by Rob Davis, The Oregonian/OregonLive, and Tony Schick, Oregon Public Broadcasting | March 2, 2021 | ProPublicaFor decades, private timber owners in Oregon paid a severance tax.
Oregon’s Logging Industry Says It Can’t Afford New Taxes. But Prices Have Never Been Higher and Profits Are Soaring. | by Rob Davis, The Oregonian/OregonLive, and Tony Schick, Oregon Public Broadcasting | March 2, 2021 | ProPublica
“He tried to do a severance tax on the energy industry,” said Zawistowski.
Ohio Republican Party Goes to War With Itself, Leaving 2016 in Doubt | David Freedlander | September 4, 2013 | THE DAILY BEAST
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