Louisiana Tax Collections Mixed Results | Fort Wayne News

Louisiana’s tax coffers saw a May surge to $1.09 billion — up nearly $110 million from April — but the year’s total is still $838 million behind last year. The biggest gains came from individual income taxes (up to $361 million), sales tax, and severance taxes, while gasoline taxes held steady. Sales tax is the year’s bright spot, up 16% ($665 million), but income taxes are a major drag — down nearly $900 million — and corporate/franchise taxes are cut in half. Despite the annual shortfall, most categories are on track, except corporate taxes, which are lagging. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/e314521511b961aa