August 7, 2026 By Business DailyIn 2024, Louisiana's total tax revenue reached $16 billion, with severance taxes accounting for $828.6 million. This figure is down from $842 million collected in severance taxes the year before, according to the U.S. Census Bureau's Annual Survey of State Government Tax Collections (STC). The State Government Tax Collections (STC) survey tracks five major tax categories and up to 25 subcategories, gathering data from all 50 state governments and their dependent agencies. In 2024, state tax collections alone amounted to nearly $1.5 trillion nationwide, representing a significant part of overall government operations. Louisiana Tax Collections 2024 vs. 2023