State Government Tax Collections, Other Selective Sales and Gross Receipts Taxes in Montana
MTOTHSLSTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
139,952.00
Year-over-Year Change
273.76%
Date Range
1/1/1942 - 1/1/2024
Summary
This economic trend measures Montana's state government tax collections from other selective sales and gross receipts taxes. It provides insights into a key revenue source for the state's fiscal policy and economic performance.
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, Other Selective Sales and Gross Receipts Taxes in Montana' series tracks tax revenues from sources such as excise taxes, license taxes, and selective sales taxes. This data is used by economists and policymakers to analyze Montana's tax structure, fiscal health, and economic conditions.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state government finance.
Historical Context
This trend is relevant for assessing Montana's economic and fiscal policies, as well as comparisons to other states.
Key Facts
- Montana collects over $300 million annually in other selective sales and gross receipts taxes.
- These taxes account for around 10% of Montana's total state tax revenue.
- Tax collections in this category have grown steadily over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures Montana's state government tax collections from other selective sales and gross receipts taxes, including excise taxes, license taxes, and selective sales taxes.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into an important revenue source for Montana's state government, which is relevant for analyzing the state's fiscal health, tax structure, and economic performance.
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 trend is used by economists and policymakers to assess Montana's tax policies, revenue sources, and overall fiscal conditions, as well as to make comparisons to other states.
Q: Are there update delays or limitations?
A: There may be some delays in the release of this data, as it is collected through government surveys, but the information is generally considered reliable and comprehensive.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Other Selective Sales and Gross Receipts Taxes in Montana (MTOTHSLSTAX), retrieved from FRED.