Severance taxes are taxes imposed on some form of natural resources.

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Severance taxes are commonly imposed on natural resources such as oil, gas, coal, timber, and minerals. These taxes are calculated based on a percentage of the value of the resources extracted, and are typically paid by the companies or individuals who extract or produce the resources. Severance taxes are often used by states and local governments to generate revenue or to compensate for the negative impacts of resource extraction on the environment or local communities.

Severance Taxes Are Taxes Imposed on Some Form of Natural