Local fiscal revenue refers to the annual revenue of local finance, including local level revenue, central tax rebate and transfer payment. Symmetry of central fiscal revenue. It consists of the fiscal revenue of provinces (autonomous regions and municipalities directly under the Central Government), counties or cities (autonomous prefectures and autonomous counties). Local fiscal revenue includes local fiscal budget revenue and extra-budgetary revenue. The content of local budget revenue: (1) mainly includes the income of local enterprises and various tax revenues. (2) Various tax revenues include business tax, local enterprise income tax, personal income tax, urban land use tax, fixed assets investment direction adjustment tax, land value-added tax, urban maintenance and construction tax, property tax, vehicle and vessel use tax, stamp duty, agriculture and animal husbandry tax, agricultural specialty tax, farmland occupation tax, deed tax, value-added tax, 25% securities transaction tax (stamp duty) and other resource taxes except offshore oil resource tax. (three) the transfer income, subsidy income and other income of the central government. The contents of extra-budgetary income of local finance mainly include various tax surcharges, urban public utilities income, business income of institutions such as culture, sports, health, agriculture, forestry, animal husbandry and water, market management income and material price change income. Local financial expenditure mainly includes: local administrative management and various undertakings, local overall planning of capital construction and technological transformation, support for rural production, urban maintenance and construction, and price subsidies. It should be pointed out that the local fiscal revenue after 1994 is different from the local fiscal revenue under the previous total sharing fiscal system in content and scope. In addition, since June 65438+1 October1day, China's income tax distribution mode has undergone major reforms. In 2002, the central government shared 50% of the income tax and local governments shared 50%. After that, the distribution ratio will be adjusted year by year, and attention should be paid to the change of caliber when using it.