State Government Tax Collections, Total Other Taxes in Montana
MTTLOTHTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
255,831.00
Year-over-Year Change
-17.28%
Date Range
1/1/1942 - 1/1/2024
Summary
This trend measures total tax collections by the state government of Montana, excluding major categories like individual income taxes and sales taxes. It provides insight into the overall tax revenue landscape for policymakers and economists.
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 Montana series captures a range of smaller tax revenue sources for the state, such as license fees, motor vehicle taxes, and miscellaneous charges. This data offers a comprehensive view of Montana's tax collection beyond the major categories.
Methodology
The data is collected and reported quarterly by the U.S. Census Bureau through surveys of state government finance.
Historical Context
This trend is used by economists and policymakers to analyze Montana's fiscal health and tax policy options.
Key Facts
- Montana has no state sales tax.
- Total other taxes account for about 20% of Montana's state tax revenue.
- This data series dates back to 1993.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total tax collections by the state government of Montana, excluding major categories like individual income taxes and sales taxes.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the overall tax revenue landscape for Montana, offering a comprehensive view of the state's fiscal health beyond just the major tax sources.
Q: How is this data collected or calculated?
A: The data is collected and reported quarterly 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 analyze Montana's fiscal health and tax policy options.
Q: Are there update delays or limitations?
A: The data is reported quarterly, so there may be a short delay in availability compared to real-time tax collections.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Total Other Taxes in Montana (MTTLOTHTAX), retrieved from FRED.