Which of the following categories of taxes contributed most to the Texas treasury?
A) oil and natural gas production
B) franchise
C) motor vehicle sales and rental
D) sales

Question

Quizplus · Accepted Answer

Sales taxes contribute the most to the Texas treasury as they make up the largest share of state revenue. In 2020, sales tax revenue accounted for 59% of the state's total tax revenue, which was more than double the next largest contributor, which was the franchise tax at 24%. Taxes on oil and natural gas production and motor vehicle sales and rental made up much smaller portions of the state's revenue.

Which of the Following Categories of Taxes Contributed Most to the Texas