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Severance Tax Information
What is Severance Tax?
Colorado Severance Tax is a tax imposed upon nonrenewable natural resources that are removed from the earth. Natural resources that are subject to severance taxation include:
- Metallic Minerals
- Molybdenum (Ore)
- Oil and Gas
- Oil Shale
- Coal
Anyone who receives income from oil and gas production and mining of nonrenewable natural resources must file a severance tax return. Severance tax might be due even though you do not realize a net profit on your investment.
