Dictionary.com
definitions
  • synonyms

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.
Show More

Origin of severance tax

First recorded in 1925–30
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018