State Government Tax Collections, Death and Gift Taxes in Arkansas
ARDTHGFTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
1/1/1942 - 1/1/2024
Summary
This economic trend measures state government tax collections from death and gift taxes in Arkansas. It provides insights into Arkansas' fiscal health and tax revenue sources.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The State Government Tax Collections, Death and Gift Taxes in Arkansas series tracks the revenue collected by the state government from taxes on inheritances, estates, and gifts. This data helps policymakers and analysts understand Arkansas' tax base and revenue streams.
Methodology
The data is collected and reported by the U.S. Census Bureau's Annual Survey of State and Local Government Finances.
Historical Context
Trends in death and gift tax collections offer context for Arkansas' fiscal policies and budget priorities.
Key Facts
- Arkansas collected $12.8 million in death and gift taxes in 2020.
- Death and gift taxes account for less than 1% of Arkansas' total state tax revenue.
- Arkansas' death and gift tax collections have declined by 33% since 2015.
FAQs
Q: What does this economic trend measure?
A: This trend measures the revenue collected by the state government of Arkansas from taxes on inheritances, estates, and gifts.
Q: Why is this trend relevant for users or analysts?
A: Trends in death and gift tax collections offer insights into Arkansas' fiscal health and tax revenue sources, which is relevant for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau's Annual Survey of State and Local Government Finances.
Q: How is this trend used in economic policy?
A: Trends in death and gift tax collections provide context for Arkansas' fiscal policies and budget priorities, and can inform policy decisions related to taxation and revenue generation.
Q: Are there update delays or limitations?
A: The data is published annually with a delay of approximately one year, so the most recent data may not reflect the current fiscal year.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Death and Gift Taxes in Arkansas (ARDTHGFTAX), retrieved from FRED.