A severance tax is like an excise tax applied by the state government to the value of nonrenewable natural resources. The resources in this category are metals, timbers, oil, natural...
Posted by Aurelia E Weems CPA on 04/02/2020
A State tax charged on the exploitation of non-renewable resources such as crude oil, condensate and natural gas, coal bed methane, timber, uranium, and carbon dioxide that are allocated...
Posted by BEST FINANCIAL GROUP LTD on 02/25/2020
What is the severance tax?The severance tax is a state tax imposed on the extraction of non-energy natural resources for consumption in other states. These natural resources include...
Posted by Taxes Made EZ Inc on 02/27/2020
