1. Presented by: Lee Buckner Economist Louisiana Department of Wildlife and Fisheries

2. Current Shrimp Excise Tax 15 cents per 210 pound barrel of “head on” shrimp Translates to.07 cents per pound 15 cents per 125 pound barrel of “head off” shrimp Translates to.12 cents per pound 15 cents per 75 pounds of “peeled” shrimp Translates to.20 cents per pound Tax rate for each form translates to equal tax per shrimp

3. Pounds of Shrimp Taxed *All forms of shrimp converted to head on weight *Based on Shrimp Tax Database

4. Source of Shrimp Taxed: Average FY2005-2009 *All forms of shrimp converted to head on weight *Based on FY2005 – FY2009 data from Shrimp Tax Database

5. Annual Revenue From Shrimp Excise Tax FY2009 revenue = $96,922 Revenue declining 2.9% per year (average FY2004-FY2009) *Based on Shrimp Tax Database

6. Shrimp Excise Tax Revenue at Different Tax Rates Current Rate (15 cents/210 lbs,.07 cents/lb) $ 96,921.63 Revenue if 25 cents/210 lbs,.12 cents/lb $ 161,536.05 Revenue if 35 cents/210 lbs,.17 cents/lb $ 226,150.47 Revenue if 45 cents/210 lbs,.21 cents/lb $ 290,764.89 Revenue if 55 cents/210 lbs,.26 cents/lb $ 355,379.31 Revenue if 65 cents/210 lbs,.31 cents/lb $ 419,993.73 Revenue if 75 cents/210 lbs,.36 cents/lb $ 484,608.15 Additional annual revenue from each 10 cent increase per 210 pounds = $64,614 *All forms transformed to head on weight and tax rate *Based on FY2009 data from Shrimp Tax Database