State Government Tax Collections, Total Other Taxes in Arkansas
ARTLOTHTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
178,138.00
Year-over-Year Change
35.77%
Date Range
1/1/1942 - 1/1/2024
Summary
This economic trend measures total tax collections by the state government of Arkansas, excluding income, sales, and property taxes. It provides insight into the broader revenue streams and fiscal health of the state.
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, Total Other Taxes in Arkansas trend captures state government tax revenues from sources like excise taxes, licenses, and other miscellaneous levies. This data is used by economists and policymakers to analyze Arkansas' overall tax burden and fiscal policy.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state government finance.
Historical Context
This metric is relevant for understanding Arkansas' economic and budgetary conditions, which can inform state-level policy decisions.
Key Facts
- Arkansas collects over $1 billion annually in 'other' state taxes.
- These taxes account for about 20% of total state tax revenue.
- Excise taxes on motor fuels, tobacco, and alcohol are major components.
FAQs
Q: What does this economic trend measure?
A: The State Government Tax Collections, Total Other Taxes in Arkansas trend measures state government tax revenues from sources other than income, sales, and property taxes.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the broader fiscal health and revenue streams of the Arkansas state government, which is important for economic analysis and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of state government finance.
Q: How is this trend used in economic policy?
A: This metric is relevant for understanding Arkansas' economic and budgetary conditions, which can inform state-level policy decisions around taxation, spending, and fiscal management.
Q: Are there update delays or limitations?
A: There may be a lag of several months between the end of the reporting period and the release of the data by the Census Bureau.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Total Other Taxes in Arkansas (ARTLOTHTAX), retrieved from FRED.