non-stripper oil / oil / natural gas / OIL AND GAS / wells producing oil / oil and gas severance tax / /
Organization
Municipal Rate Negotiations Revolving Loan Fund / Severance Tax Fund / ce Cash Fund / Severance Tax Administration Fund / Public Service Commission / Permanent School Fund / Nebraska Department of Revenue / /
Section Q Oil and Gas Severance Tax BASIC PROVISIONS AND TAX BASE OF THE NEBRASKA TAX LAWS The severance tax is levied at the rate of three percent of the value of non-stripper oil and natural gas severed from the soil o