State Tax Collections: T09 General Sales and Gross Receipts Taxes for Indiana
QTAXT09QTAXCAT3INNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,757.00
Year-over-Year Change
7.78%
Date Range
1/1/1994 - 1/1/2025
Summary
This data series tracks general sales and gross receipts tax collections for the state of Indiana. It is a key metric for monitoring Indiana's fiscal health and consumer spending patterns.
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 Indiana' series measures the total revenue generated by Indiana's sales and gross receipts taxes. This data is used by economists and policymakers to assess Indiana's economic performance and the state government's fiscal position.
Methodology
The data is collected and reported quarterly by the U.S. Census Bureau.
Historical Context
This metric is closely watched by Indiana state officials, bond investors, and economic analysts to gauge the strength of consumer demand and the state's tax revenues.
Key Facts
- Indiana collects over $7 billion annually in general sales and gross receipts taxes.
- Sales tax revenue makes up about 50% of Indiana's total state tax collections.
- Indiana has a 7% state sales tax rate, one of the highest in the Midwest.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the total revenue collected by the state of Indiana through its general sales and gross receipts taxes.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely watched as an indicator of Indiana's economic performance and the state government's 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: Indiana state officials, bond investors, and economic analysts use this metric to gauge consumer demand and the state's tax revenue outlook.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with a lag of several months from the end of the reporting period.
Related Trends
Average Weekly Hours of Production Employees: Food Services and Drinking Places in Indiana
SMU18000007072200007A
Number of Civilians Unemployed for 15 Weeks or Longer for Indiana
UNEMP15IN
Real Gross Domestic Product: Social Assistance (624) in Indiana
INSOCASSRGSP
Real Gross Domestic Product: Miscellaneous Professional, Scientific, and Technical Services (5412-5414, 5416-5419) in Indiana
INMISCPRORGSP
Housing Inventory: Median Home Size in Square Feet in Indiana
MEDSQUFEEIN
Gross Domestic Product: Food Services and Drinking Places (722) in Indiana
INFOODDPNGSP
Citation
U.S. Federal Reserve, State Tax Collections: T09 General Sales and Gross Receipts Taxes for Indiana (QTAXT09QTAXCAT3INNO), retrieved from FRED.