State Government Tax Collections, Total Selective Sales Taxes in Arizona
AZTLSLTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,186,297.00
Year-over-Year Change
17.84%
Date Range
1/1/1942 - 1/1/2024
Summary
This data series measures total selective sales tax collections by the state government of Arizona. It is an important indicator of economic activity and consumer spending in 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
Selective sales taxes are taxes applied to specific goods and services, such as motor fuel, alcohol, and tobacco. This data provides insight into the revenue generated from these targeted taxes, which can reflect broader economic trends and policy changes in Arizona.
Methodology
The data is collected and reported by the U.S. Census Bureau through surveys of state government finances.
Historical Context
Policymakers and analysts use this data to assess the fiscal health and policy decisions of the Arizona state government.
Key Facts
- Arizona's total selective sales tax collections were $2.8 billion in 2021.
- Selective sales taxes account for approximately 25% of Arizona's total state tax revenue.
- Selective sales tax collections have grown by an average of 4% per year over the past decade in Arizona.
FAQs
Q: What does this economic trend measure?
A: This data series measures the total amount of selective sales taxes collected by the state government of Arizona. Selective sales taxes are levied on specific goods and services, such as motor fuel, alcohol, and tobacco.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the fiscal health and policy decisions of the Arizona state government, as well as broader economic activity and consumer spending patterns within the state.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through surveys of state government finances.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to assess the revenue generated from selective sales taxes, which can inform fiscal and economic policy decisions in Arizona.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis, with a typical delay of 3-6 months between the end of the reference period and the data release.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Total Selective Sales Taxes in Arizona (AZTLSLTAX), retrieved from FRED.