State Government Tax Collections, Death and Gift Taxes in Nebraska
NEDTHGFTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
-100.00%
Date Range
1/1/1942 - 1/1/2014
Summary
This trend measures state government tax collections from death and gift taxes in Nebraska. It is an important indicator of state fiscal health and revenue sources.
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 Nebraska series tracks revenue generated by the state government from taxes on the transfer of assets through inheritance, estates, and gifts. This data provides insight into wealth transfer and estate planning activities in the state.
Methodology
The data is collected and reported by the U.S. Census Bureau through surveys of state government finance.
Historical Context
This trend is relevant for assessing Nebraska's fiscal policy and revenue mix.
Key Facts
- Nebraska has had a state-level estate tax since 1901.
- Death and gift taxes accounted for 1.1% of Nebraska's state tax revenue in 2021.
- Nebraska's death tax exemption is currently $5 million per person.
FAQs
Q: What does this economic trend measure?
A: This trend measures revenue collected by the Nebraska state government from death and gift taxes, which are levied on the transfer of assets through inheritance, estates, and gifts.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into wealth transfer activity and state fiscal health in Nebraska, making it relevant for policymakers, economists, and those interested in the state's tax system and revenue sources.
Q: How is this data collected or calculated?
A: The data is collected and reported 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 Nebraska's fiscal policy, revenue mix, and the impact of wealth transfer on state finances.
Q: Are there update delays or limitations?
A: The data is typically released with a lag of several months, and may be subject to revisions as state governments provide updated information.
Related Trends
Per Capita Personal Consumption Expenditures: Nondurable Goods for Nebraska
NEPCEPCNDURG
State Government Tax Collections, Total Sales and Gross Receipts Taxes in Nebraska
NESLGRTAX
Unemployed: Job Losers for Nebraska
JOBLOSNE
State Government Tax Collections, Other License Taxes in Nebraska
NEOTHLICTAX
Coefficient for Transportation Carbon Dioxide Emissions, Natural Gas (Pipeline) for Nebraska
EMISSCO2CNGACBNEA
Estimated Percent of Related Children Age 5-17 in Families in Poverty for Nebraska
PP5T17NE31000A156NCEN
Citation
U.S. Federal Reserve, State Government Tax Collections, Death and Gift Taxes in Nebraska (NEDTHGFTAX), retrieved from FRED.