Which of the following is not a primary revenue source for most states?
A)Income or franchise taxes
B)Sales or use taxes
C)Severance taxes
D)Property taxes

Question

Quizplus · Accepted Answer

Severance taxes are specific taxes on natural resources such as oil, gas, and coal. While some states rely heavily on these taxes, they are not a primary revenue source for most states. The primary revenue sources for most states are income or franchise taxes, sales or use taxes, and property taxes.

Which of the Following Is Not a Primary Revenue Source