Which of the following is not a revenue to a local government?
-
A.
fines -
B.
licenses -
C.
personal ncome tax -
D.
tenement rates
Correct Answer: Option C
Explanation
State and local governments collect tax revenues from three primary sources: income, sales, and property taxes. Income and sales taxes make up the majority of combined state tax revenue, while property taxes are the largest source of tax revenue for local governments, including school districts.