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Louisiana revenue shifts toward sales taxes in fiscal 2026

(The Center Square) — Louisiana finished the first full fiscal year under its 2024 tax overhaul with major state revenues down $934 million from the previous year.

Higher sales tax collections failed to offset steep declines in individual and corporate income taxes, according to the Louisiana Department of Revenue's June Net Receipts Report.

The state collected $11.2 billion in major revenues during…

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