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Saturday, November 16, 2024

Residents and visitors to Louisiana paid $11.4 billion in taxes in 2020

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Louisiana collected $11.4 billion in taxes in 2020, a 3.1 percent decrease from the previous year, according to the U.S. Census Bureau’s Annual Survey of State Government Tax Collections (STC).

Most tax revenue came from sales and gross receipts taxes ($6.1 billion) and income taxes ($4.4 billion).

The STC survey includes five broad tax categories and up to 25 subcategories. Data is gathered from all 50 state governments and all dependent state-level entities.

The Census Bureau sets the tax classifications among the survey categories and cautions they may differ from the classifications set by the state governments.

Below is a breakdown of how taxes were classified by the bureau and how much was collected.

2020 Louisiana Tax Collections
Type of TaxAmount
Property taxes$90,472,000
Sales and gross receipts taxes$6,059,685,000
License taxes$417,186,000
Income taxes$4,366,639,000
Miscellaneous taxes$447,026,000
General sales and gross receipts taxes$3,571,559,000
Selective sales and gross receipts taxes$2,488,126,000
Alcoholic beverages sales tax$77,102,000
Amusements sales tax$573,393,000
Insurance premiums sales tax$933,593,000
Motor fuels sales tax$611,027,000
Pari-mutuels sales tax$5,242,000
Public utilities sales tax$10,274,000
Tobacco products sales tax$160,097,000
Other selective sales and gross receipts taxes$117,398,000
Alcoholic beverages license$0
Amusements license$0
Corporations in general license$184,652,000
Hunting and fishing license$30,774,000
Motor vehicle license$76,104,000
Motor vehicle operators license$5,389,000
Public utilities license$7,315,000
Occupation and business license, NEC$108,312,000
Other license taxes$4,640,000
Individual income taxes$3,916,190,000
Corporations net income taxes$450,449,000
Death and gift taxes$0
Documentarty and stock transfer taxes$0
Severance taxes$447,026,000
Taxes, NEC$0

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