The Cost of Tax Exemptions
| 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