State and Local taxes

general sales tax

a broad based tax collected on the retail price of most items

selective sales tax (excise)

a tax on certain items such as alcohol, tobacco, and gasoline, foreign products

state income tax

an income tax in the United States that is levied by each individual state. 5 states do not have one (TX)

corporate franchise tax

annual tax for corporations

(non tax revenues) user fees

park entrances, licenses

intergovernmental revenue

funds given by one level of government to another (TX #1 income 35%)

severance tax

tax on businesses that remove resources from the land(ex. timber, coal, gas, and oil)

property tax

tax on property (real estate)