State Government Tax Collections, Insurance Premiums - Selective Sales Taxes in Louisiana
LAINSURTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,334,058.00
Year-over-Year Change
273.64%
Date Range
1/1/1942 - 1/1/2024
Summary
This trend measures selective sales taxes collected by the Louisiana state government on insurance premiums. It provides insight into a key revenue source and economic indicator for 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 Louisiana Insurance Premiums Selective Sales Tax measures tax collections on the sale of insurance policies within the state. This data is used by economists and policymakers to analyze the strength of the insurance industry and consumer demand.
Methodology
The data is collected and reported by the Louisiana Department of Revenue.
Historical Context
This trend is monitored by state and local governments to assess revenue projections and economic conditions.
Key Facts
- Louisiana collected $405 million in insurance premiums sales tax in 2021.
- This tax applies to a variety of insurance products including auto, home, and life policies.
- The tax rate is 4.85% on most insurance premiums sold in Louisiana.
FAQs
Q: What does this economic trend measure?
A: This trend measures the selective sales taxes collected by the Louisiana state government on insurance premiums.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into a key revenue source and economic indicator for the state of Louisiana, helping policymakers and economists assess the insurance industry and consumer demand.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Louisiana Department of Revenue.
Q: How is this trend used in economic policy?
A: This trend is monitored by state and local governments to assess revenue projections and economic conditions.
Q: Are there update delays or limitations?
A: There may be some delays in reporting the latest data, but the Louisiana Department of Revenue provides timely updates on a regular basis.
Related Trends
All Employees: Education and Health Services: Offices of Physicians in Louisiana
SMU22000006562110001
Industrial Carbon Dioxide Emissions, Weighted Coefficient for Other Petroleum for Louisiana
EMISSCO2VOPICBLAA
All Employees: Other Services in Louisiana
LASRVO
Imports of Goods: Non-Manufactured Commodities for Louisiana
IMPNONLA
State Government Tax Collections, Alcoholic Beverages - Selective Sales Taxes in Louisiana
LAALCOTAX
Gross Domestic Product: Social Assistance (624) in Louisiana
LASOCASSNGSP
Citation
U.S. Federal Reserve, State Government Tax Collections, Insurance Premiums - Selective Sales Taxes in Louisiana (LAINSURTAX), retrieved from FRED.