State Tax Collections: T09 General Sales and Gross Receipts Taxes for the United States
QTAXT09QTAXCAT3USNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
113,964.00
Year-over-Year Change
10.82%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures general sales and gross receipts tax collections at the state level in the United States. It provides insights into consumer spending patterns 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 the United States trend represents the total amount of sales and gross receipts taxes collected by state governments. This metric is a key indicator of consumer activity and an important revenue source for state budgets.
Methodology
The data is collected and reported by the U.S. Census Bureau through quarterly surveys of state government tax collections.
Historical Context
This trend is closely watched by policymakers, economists, and market analysts to gauge the health of the U.S. economy and state fiscal conditions.
Key Facts
- Sales and gross receipts taxes account for about one-third of total state tax revenue.
- This metric can signal changes in consumer confidence and discretionary spending.
- State tax collections data is released quarterly with a lag of several months.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total amount of general sales and gross receipts taxes collected by state governments in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into consumer spending patterns and is an important indicator of state government revenue, making it relevant for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through quarterly surveys of state government tax collections.
Q: How is this trend used in economic policy?
A: This trend is closely watched by policymakers to gauge the health of the U.S. economy and state fiscal conditions, as sales and gross receipts taxes are a major revenue source for state governments.
Q: Are there update delays or limitations?
A: The state tax collections data is released quarterly 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 the United States (QTAXT09QTAXCAT3USNO), retrieved from FRED.