State Tax Collections: T12 Insurance Premiums Sales Tax for Colorado
QTAXT12QTAXCAT3CONO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
287.00
Year-over-Year Change
124.22%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures the tax revenue from insurance premiums sales tax collected by the state of Colorado. It is an important indicator of economic activity and consumer spending within 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: T12 Insurance Premiums Sales Tax for Colorado tracks the quarterly tax revenue generated from the sales tax levied on insurance premiums in the state. This data provides insights into the insurance and consumer sectors of Colorado's economy.
Methodology
The data is collected and reported by the U.S. Census Bureau through surveys of state and local tax authorities.
Historical Context
Policymakers and economists monitor this trend to assess the financial health and spending patterns of Colorado's residents and businesses.
Key Facts
- Colorado's insurance premiums sales tax revenue totaled $195 million in Q4 2022.
- The tax rate on insurance premiums in Colorado is 2%.
- This trend has shown steady growth over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarterly tax revenue collected by the state of Colorado from the sales tax levied on insurance premiums.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the economic activity and consumer spending within Colorado's insurance and consumer sectors, which is valuable for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through surveys of state and local tax authorities.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this trend to assess the financial health and spending patterns of Colorado's residents and businesses, which can inform economic and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly, with a typical delay of 2-3 months from the end of the reporting period.
Related Trends
State Tax Collections: T21 Amusements License for North Dakota
QTAXT21QTAXCAT3NDNO
Poverty, Child Tax Exemptions for Alaska
PCHEXMAK2A647NCEN
Age 65 and Over Tax Exemptions for New Jersey
AGEXMNJ34A647NCEN
State Tax Collections: T15 Public Utilities Sales Tax for North Dakota
QTAXT15QTAXCAT3NDNO
State Tax Collections: T29 Other License Taxes for Louisiana
QTAXT29QTAXCAT3LANO
State Tax Collections: T15 Public Utilities Sales Tax for Georgia
QTAXT15QTAXCAT3GANO
Citation
U.S. Federal Reserve, State Tax Collections: T12 Insurance Premiums Sales Tax for Colorado (QTAXT12QTAXCAT3CONO), retrieved from FRED.