The Cost of Tax Exemptions

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Corporate Income Sales Individual Income Corporate Franchise Severance Petroleum Products
Actual Collections $435 million $2.4 billion $2.2 billion $145 million $774 million $593 million
Estimated Exemptions $1.3 billion $3.8 billion $1 billion $2 million $354 million $11 million
Total Potential Collections $1.7 billion $6.3 billion $3.3 billion $147 million $1.1 billion $604 million
Percentage of Tax Loss 75.4% 61.2% 32.4% 1.1% 31.4% 1.8%

SOURCE: Louisiana Department of Revenue