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severance tax
sev·er·ance tax (plural sev·er·ance tax·es)


noun 
Definition:
 
state tax on resource: a tax imposed by a state on natural resources such as oil or gas extracted for use in another state
Encarta® World English Dictionary [North American Edition] © & (P)2009 Microsoft Corporation. All rights reserved. Developed for Microsoft by Bloomsbury Publishing Plc.
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