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30 November, 03:26

What are sources of revenue for the Louisiana state government? Check all that apply.

ad valorum taxes

severance taxes

education taxes

income taxes

gas royalties

oil royalties

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  1. 30 November, 03:38
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    The sources of revenue for the Louisiana state government are " Severance, Education and Income taxes".

    Answer: Option B, C & D

    Explanation:

    The Louisiana state government data from 2015 fiscal year showcase that overall tax revenues was generated from sales taxes and gross receipts, income taxes estimated for 32.6% while education 28.7% of total state tax collections.

    According to 2018 the United States is most superior crude oil producer. On the basis of total crude oil production with respect to number of barrels in U. S., Texas topped while Louisiana was ranked 9th among top 10 states by producing 48,841 barrels of oil in 2018. Therefore severance tax (generally imposed in oil producing states within the United States) also contribute as a source of revenue in Louisiana.
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