Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

severance tax

Read a random definition: Hydraflow test

A quick definition of severance tax:

A severance tax is a type of tax that the government charges on natural resources that are extracted from the ground. This tax is paid by the companies that extract these resources, such as oil, gas, or minerals. The purpose of this tax is to generate revenue for the government and to compensate for the depletion of natural resources. It is important because it helps to fund public services and infrastructure projects that benefit everyone.

A more thorough explanation:

A severance tax is a type of tax imposed by the government on entities that extract natural resources from the ground. The tax is based on the value or quantity of the resources extracted and is intended to generate public revenue.

  • Oil and gas companies may be subject to severance taxes on the oil and gas they extract from the ground.
  • Coal mining companies may be subject to severance taxes on the coal they extract from mines.

These examples illustrate how the government imposes a tax on companies that extract natural resources from the ground. The tax is based on the value or quantity of the resources extracted, and the revenue generated is used to fund public services and infrastructure.

severalty | seward

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
im distracting myself by schizo-scrolling r/lawschoolamissions and every conceivable data point on this godforsaken website
it is not working
Haaa I naturally want to do that too. I’m trying to stop. They need a surgeon general’s warning on this site for perspective law students
i spend more time on here then anything else trying to rationalize that the waves from last year will match waves for this year (they won't) and that the stats of people with the same stats are indicative of my own (they aren't)
There aren't many people in my stat range so I pretty much know every result in my range after being on here for a few years
9:28
congrats on the 172 bruce
go dawgs fr
9:29
roll tide
do we foresee a fordham election day wave today (i'm delusional)
WorthlessAttractiveZombie
9:31
I think so, Jack
9:31
some people hate him. some people love him, but he a real one: https://youtu.be/w5oEqiVQcF4?t=173
9:32
[kevin oleary]
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
WorthlessAttractiveZombie
9:34
I mean if Fordham doesn't release today I will purposefully get on a train, go to new york, and then take the stinkiest shit inside the admission office's toilet (potentially clogging it and forcing them to get a plumber)
IS IT ONLY ON MY END WHY DID THAT SEND TEN MILLION TIMES
HELLO
WorthlessAttractiveZombie
9:35
it sent a million times lol
WHAT HAPPENED
yeah i thought you were tweaking for a second
i'm so sorry everyone what the actual fuck this website hates me
WorthlessAttractiveZombie
9:35
Jack's just tweaking on LSD no biggie
to be fair this accurately represents my mental state
election day psychosis coming in hot (fordham)
usc pls pull through .....
i literally just need one A so i can relax before my ED decision
WorthlessAttractiveZombie
9:38
oh that's right USC might release
LSD+ is ad-free, with DMs, discounts, case briefs & more.