Tax Drill Tax Definitions Identify the appropriate tax based on the definitions provided. a. A transaction tax that is based on the notion that the state has an interest in its natural resources. Estate tax b. A tax that is imposed on the right to pass property at death. Inheritance tax c. A tax levied on the right to transfer property during a taxpayer's Severance tax lifetime Gift tax d. A tax on the right to receive property from a decedent