A tax due the state on oil or gas produced or "severed" from the earth.
A tax levied by some states on each barrel of oil or each thousand cubic feet of gas produced.
A State excise tax on the cutting of timber. In most States in which a severance tax is levied, it is in addition to any property tax levied or taxes in lieu of property taxes. Funds generated often are designated for specific forestry-related purposes, such as forest fire control, reforestation, or public forestry assistance. Also see “Yield tax.
A tax paid on forest products, usually by the first processor, after the products are harvested, cut, or severed from the land.