State Tax Collections: T09 General Sales and Gross Receipts Taxes for Arkansas
QTAXT09QTAXCAT3ARNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,240.00
Year-over-Year Change
8.68%
Date Range
1/1/1994 - 1/1/2025
Summary
This data series tracks Arkansas's general sales and gross receipts tax collections, a key indicator of consumer spending and economic activity in the state.
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 Arkansas data series measures the total revenues collected by the state government from general sales and gross receipts taxes. This metric provides insight into consumer purchasing patterns and broader economic conditions in Arkansas.
Methodology
The data is collected and published quarterly by the U.S. Census Bureau.
Historical Context
Policymakers and economists analyze this trend to assess the fiscal health of the state and gauge consumer confidence.
Key Facts
- Arkansas collects a 6.5% statewide sales tax.
- General sales taxes account for over 40% of Arkansas's total tax revenue.
- Sales tax collections tend to rise and fall with consumer confidence and economic growth.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the total tax revenues collected by the state of Arkansas from general sales and gross receipts taxes.
Q: Why is this trend relevant for users or analysts?
A: Sales tax collections provide insight into consumer spending patterns and the overall health of Arkansas's economy.
Q: How is this data collected or calculated?
A: The data is collected and published quarterly by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze this trend to assess the fiscal health of Arkansas and gauge consumer confidence in the state.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis, with a lag of several months.
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Citation
U.S. Federal Reserve, State Tax Collections: T09 General Sales and Gross Receipts Taxes for Arkansas (QTAXT09QTAXCAT3ARNO), retrieved from FRED.