| 1. | Sources of revenue are sales tax, ad valorem tax and franchise fees.
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| 2. | He is also a former member of the Louisiana Ad Valorem Tax Commission.
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| 3. | They pay all of the taxes except ad valorem taxes on trust status lands.
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| 4. | In the ad valorem tax, the duty is based on the value of the shipment.
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| 5. | Essentially, the new TAVT combined the annual vehicle ad valorem tax and sales tax on vehicles.
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| 6. | In 2015, the Board asked voters to approve an additional 8 mills in ad valorem taxes.
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| 7. | -- Leased vehicles used primarily for personal use will no longer be subject to ad valorem taxes.
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| 8. | By contrast, an ad valorem tax is a charge based on a fixed percentage of the product value.
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| 9. | Non-motorized vehicles do not qualify for the TAVT system and are therefore subject to annual ad valorem tax.
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| 10. | In 1825, the state moved to an Ad valorem tax system, and the State Board of Equalization was created.
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