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Meaning of severance tax | Babel Free

Noun CEFR B2

Definitions

A state tax on the extraction of nonrenewable natural resources (such as minerals, petroleum, or natural gas) that will be used in another state.

US, countable, uncountable

CEFR level

B2

Upper Intermediate
This word is part of the CEFR B2 vocabulary — upper intermediate level.

See also

Severances severation severe severe acute respiratory syndrome severe clear severe combined immunodeficiency