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 of severance tax

1
First recorded in 1925–30

Words 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