Which of the following are sources of revenue for state and local governments? i. Property taxes
Ii) Stamp duties
Iii) Transfers from the federal government

Question

Quizplus · Accepted Answer

State and local governments generate revenue from various sources, including property taxes, stamp duties, and transfers from the federal government. Property taxes are a primary source of local government revenue. Stamp duties are taxes on legal documents and transactions, and transfers from the federal government include grants and shared revenues that support state and local budgets.

Which of the Following Are Sources of Revenue for State