Gross Production Tax

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Dictionary Says

Definition of 'Gross Production Tax'

A state tax imposed on companies that generate revenues by depleting non-renewable resources. Such companies include producers of oil and gas, coal miners and miners of metals and minerals. Gross production taxes are normally introduced as a means of compensating the state for the pollution that miners emit.

Also known as severance tax.

Investopedia Says

Investopedia explains 'Gross Production Tax'

One method of calculating the gross production tax is as a percentage of gross value based on the average monthly product price. This tax is generally deductible from the company's federal tax. Some states may also charge an extraction tax on top of the gross production tax.  
Search results for

'Gross Production Tax'

  • Oil: A Big Investment With Big Tax Breaks

    http://www.investopedia.com/articles/07/oil-tax-break.asp
    ... Landowners typically receive anywhere from 12-20% of the gross production. ... However,
    landowners also are not eligible for any of the tax benefits enjoyed by ...

  • Anadarko Petroleum Works The Onshore

    http://stocks.investopedia.com/stock-analysis/2011/Anadarko-Petroleum-Works-The-Onshore-APC-BP-CHK-COG1103.aspx
    ... For related reading, see Oil: A Big Investment With Big Tax Breaks ... The company exited
    the quarter with gross production from this play of 600 million cubic feet ...

  • Canadian Oil Production Set To Grow Rapidly

    http://stocks.investopedia.com/stock-analysis/2011/Canadian-Oil-Production-Set-To-Grow-Rapidly-RDS-MRO-CVX-NXY-SU-MUR-IMO-SNP-CVE0607.aspx
    ... For related readings, see Oil: A Big Investment With Big Tax Breaks.). ... The company
    reported average gross production of 28,300 barrels per day from Long Lake in ...

  • Increase Your Tax Refund With Above-The-Line Deductions

    http://www.investopedia.com/articles/tax/11/above-the-line-deductions.asp
    ... of activities related to the domestic production of certain ... one-half of the
    self-employment tax that must ... subtracted in order to determine adjusted gross income ...

  • Alaska Suffering From Cutbacks

    http://stocks.investopedia.com/stock-analysis/2009/Alaska-Suffering-From-Cutbacks-BP-COP-XTO-PXD1201.aspx
    ... of its cuts on the new tax system enacted ... one of the few independent exploration
    and production companies that ... area of Alaska and its gross production is about ...

  • CFA Level 1 Study Guide - Macroeconomics - Gross Domestic Product ...

    http://www.investopedia.com/exam-guide/cfa-level-1/macroeconomics/gross-domestic-product.asp
    ... 4. Macroeconomics: 4.1 Introduction; 4.2 Gross Domestic Product ... Analysis: 5.1
    Introduction; 5.2 Production Possibility Curves; ... 9.3 Income Tax Terminology; 9.4 ...

  • Countries With The Highest And Lowest Taxes - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/1011/Countries-With-The-Highest-And-Lowest-Taxes.aspx
    ... similar marginal tax rate of 45% has not hurt the nation's economy, Europe 's biggest
    and the world's fourth largest, measured by gross domestic production (GDP ...

  • Economic Indicators: Gross Domestic Product (GDP) | Investopedia

    http://www.investopedia.com/university/releases/gdp.asp
    ... As an aggregate measure of total economic production for a ... measure provided in the
    report, gross national product ... data also displays pre-tax profits, operating ...

  • Understanding The Income Statement

    http://www.investopedia.com/articles/04/022504.asp
    ... Net Sales, Net Sales. Cost of Sales, Materials and Production. Gross Income*, Marketing
    and Administrative. ... Taxes, Net Income. Net Income (after tax)*, --. ...

  • Ultra Petroleum Second Quarter Review

    http://stocks.investopedia.com/stock-analysis/2011/Ultra-Petroleum-Second-Quarter-Review-UPL-NBL-GST-PETD0812.aspx
    ... quarter of 2011. Ultra Petroleum participated in 70 gross wells during the
    quarter and put another 81 gross wells onto production. ...

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