Examples of Severance tax in a sentence
Severance tax allocated to the trust during the period is reported in Column (b) of Part I.
Severance tax on coal extracted incident to highway construction performed under §17-27-1 et seq.
Severance tax paid by the Trust during the period covered is reported in Column (b) of Part I (page 2).
Severance tax bond proceeds were allocated by the State Legislature to the agency to administer disbursements to the project recipients, and the Department is not obligated in any manner for the related indebtedness.
Enter the total taxable Mcf’s of Gas on Line 3, Column 1.Enter the total taxable value of Gas on Line 3, Column 2.Line 4- Multiply the figure on Line 3, Column 2 by 5% (.05)Enter the total Severance tax due for Gas on Line 4, Column 3.
The Oil and Gas Severance tax is imposed on oil and natural gas that is severed and sold in the State of New Mexico.
Severance tax per mcfe is based on NYMEX prices of $60.00 per bo and natural gas prices ranging from $9.00 to $11.30 per mcf during Q4 2005, $60.00 per bo and natural gas prices ranging from $7.25 to $12.50 per mcf during calendar 2005, $50.00 per bo and $6.75 to $7.60 per mcf during calendar 2006 and 2007.
During the complaint investigation, board investigators learned that this individual had submitted to the city of Phoenix for review and approval various plans for tenant improvements to three separate restaurants.
The Oil and Gas Severance tax is assessed at 3.75% of the taxable value of the oil or natural gas severed.
Severance tax revenues are first applied to pay the required debt service on Severance Tax Bonds issued by the State.