State Tax Collections: T09 General Sales and Gross Receipts Taxes for District of Columbia
This dataset tracks state tax collections: t09 general sales and gross receipts taxes for district of columbia over time.
Latest Value
488.00
Year-over-Year Change
34.44%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures general sales and gross receipts tax collections in the District of Columbia. It provides insight into consumer spending and state government 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 District of Columbia tracks the revenue from sales taxes and other consumption-based levies collected by the District government. This data is used by policymakers and analysts to monitor economic activity and fiscal conditions.
Methodology
The data is collected and reported quarterly by the U.S. Census Bureau.
Historical Context
This metric informs economic and tax policy decisions at the state and federal level.
Key Facts
- District of Columbia collected $2.4 billion in general sales and gross receipts taxes in 2021.
- Sales taxes account for over 40% of total District tax revenue.
- Revenues from this tax source declined sharply in 2020 due to the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total revenue collected by the District of Columbia government from general sales and gross receipts taxes.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into consumer spending patterns and the fiscal health of the District government, which is useful for economic and policy analysis.
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: Policymakers and analysts use this metric to monitor economic conditions and inform decisions around taxation, spending, and fiscal policy at the state and federal levels.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with a lag of several months between the end of the quarter and the publication of the report.
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Citation
U.S. Federal Reserve, State Tax Collections: T09 General Sales and Gross Receipts Taxes for District of Columbia (QTAXT09QTAXCAT3DCNO), retrieved from FRED.