The Law Dictionary

Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

GROSS PRODUCTION TAX Definition & Legal Meaning

Definition & Citations:

Tax placed on each generated unit’s value as a company mines or drills them. Typically deductible from the companies’ federal taxes. Certain states levy these taxes on companies operating in mining or drilling fields.


This article contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.