State Government Tax Collections, Death and Gift Taxes in Montana
MTDTHGFTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.00
Year-over-Year Change
-99.97%
Date Range
1/1/1942 - 1/1/2014
Summary
This economic trend measures state government tax collections from death and gift taxes in Montana. It provides important insights into Montana's tax revenue sources and the overall economic climate.
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 Montana series tracks the revenue collected by the state government from taxes levied on the transfer of wealth through inheritances, estates, and gifts. This data is used by economists and policymakers to analyze Montana's tax structure and fiscal health.
Methodology
The data is collected and reported by the U.S. Census Bureau's Quarterly Summary of State and Local Tax Revenue.
Historical Context
This metric is relevant for understanding Montana's tax policies and their impact on the state's economy and budget.
Key Facts
- Montana is one of 12 U.S. states that collect a state-level estate or inheritance tax.
- Death and gift taxes made up approximately 1% of Montana's total state tax revenue in 2021.
- The COVID-19 pandemic led to a temporary decline in Montana's death and gift tax collections in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the tax revenue collected by the state government of Montana from death and gift taxes, which are levied on the transfer of wealth through inheritances and gifts.
Q: Why is this trend relevant for users or analysts?
A: This data is important for understanding Montana's tax structure and fiscal health, as well as the economic factors that influence wealth transfer in the state.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau's Quarterly Summary of State and Local Tax Revenue.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to analyze Montana's tax policies and their impact on the state's budget and economy.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedule and potential revisions of the U.S. Census Bureau's Quarterly Summary of State and Local Tax Revenue.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Death and Gift Taxes in Montana (MTDTHGFTAX), retrieved from FRED.