State Tax Collections: T09 General Sales and Gross Receipts Taxes for Alabama
QTAXT09QTAXCAT3ALNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,161.00
Year-over-Year Change
58.61%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend tracks state-level general sales and gross receipts taxes collected in Alabama. It is an important indicator of consumer spending and state tax revenue.
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 Tax Collections: T09 General Sales and Gross Receipts Taxes for Alabama measures the total revenue generated from Alabama's state-level sales and use taxes. This metric is widely used by economists and policymakers to assess consumer demand, inflation, and the fiscal health of the state government.
Methodology
The data is collected and reported quarterly by the U.S. Census Bureau.
Historical Context
This trend is closely monitored by state and federal officials to understand economic conditions and inform tax and spending policies.
Key Facts
- Alabama's total sales tax collections averaged $1.4 billion per quarter in 2022.
- General sales taxes account for over 50% of Alabama's total state tax revenue.
- Sales tax collections have grown by 15% in Alabama over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the total amount of general sales and gross receipts taxes collected by the state government of Alabama on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: This metric is an important indicator of consumer spending and state tax revenue, providing insights into Alabama's economic performance and fiscal health.
Q: How is this data collected or calculated?
A: The data is collected and reported quarterly by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: State and federal officials closely monitor this trend to understand economic conditions and inform tax and spending policies in Alabama.
Q: Are there update delays or limitations?
A: The data is reported on a quarterly basis, with a lag of several months between the end of the quarter and the data release.
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Citation
U.S. Federal Reserve, State Tax Collections: T09 General Sales and Gross Receipts Taxes for Alabama (QTAXT09QTAXCAT3ALNO), retrieved from FRED.