State Government Tax Collections, Other Selective Sales and Gross Receipts Taxes in North Carolina
NCOTHSLSTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,311,988.00
Year-over-Year Change
114.49%
Date Range
1/1/1942 - 1/1/2024
Summary
This economic trend measures state government tax collections for other selective sales and gross receipts taxes in North Carolina. It provides insight into a key revenue source for the state's budget and fiscal policy.
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 North Carolina' series tracks tax revenue from sales and receipts taxes beyond those on general retail sales. This data is used by economists and policymakers to analyze the state's fiscal health and revenue composition.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state government finance.
Historical Context
This trend is relevant for understanding North Carolina's economic and fiscal policies.
Key Facts
- North Carolina collected $2.7 billion in other selective sales and gross receipts taxes in 2021.
- This tax revenue accounts for around 10% of the state's total tax collections.
- Collections have grown by over 30% since 2015.
FAQs
Q: What does this economic trend measure?
A: This trend measures state government tax collections for selective sales and gross receipts taxes in North Carolina, excluding general retail sales taxes.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into a key revenue source for North Carolina's state budget and fiscal policy.
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: Economists and policymakers use this data to analyze North Carolina's fiscal health and revenue composition.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months.
Related Trends
Monthly State Retail Sales: Furniture and Home Furnishings Stores in North Carolina
MSRSNC442
State Government Tax Collections, Total Other Taxes in North Carolina
NCTLOTHTAX
Number of Identified Exporters to Chile from North Carolina
NCCHLA475SCEN
Estimated Percent of People Age 0-17 in Poverty for North Carolina
PPU18NC37000A156NCEN
All Employees: Other Services: Personal and Laundry Services in North Carolina
SMU37000008081200001SA
Exports of Goods: Manufactured Commodities for North Carolina
EXPMANNC
Citation
U.S. Federal Reserve, State Government Tax Collections, Other Selective Sales and Gross Receipts Taxes in North Carolina (NCOTHSLSTAX), retrieved from FRED.