State Tax Collections: T12 Insurance Premiums Sales Tax for Delaware
QTAXT12QTAXCAT3DENO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
91.00
Year-over-Year Change
13.75%
Date Range
1/1/1994 - 4/1/2025
Summary
This trend measures quarterly insurance premiums sales tax collections in the state of Delaware. It provides insights into a key revenue source for state governments.
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 Delaware metric tracks the revenue generated from taxes levied on insurance premiums sold in the state. This data is used by policymakers and economists to analyze state fiscal health and tax policy.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state tax authorities.
Historical Context
This trend is relevant for assessing Delaware's tax base and fiscal position relative to economic and policy factors.
Key Facts
- Delaware collected $78.5 million in insurance premiums sales tax in 2022 Q1.
- Insurance premiums sales tax accounts for 5.3% of Delaware's total tax revenue.
- This tax has grown at an average annual rate of 2.7% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures quarterly insurance premiums sales tax collections in the state of Delaware. It captures a key revenue source for the state government.
Q: Why is this trend relevant for users or analysts?
A: This data is important for understanding Delaware's fiscal health and the performance of its insurance industry. It provides insights that can inform state tax policy and economic analysis.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of state tax authorities.
Q: How is this trend used in economic policy?
A: This metric is used by policymakers, economists, and analysts to assess Delaware's tax base, revenue sources, and fiscal position relative to economic conditions and policy decisions.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of approximately 3 months, so the most recent information may not reflect the current economic environment.
Related Trends
Chain-Type Quantity Index for Real GDP: Other Transportation Equipment Manufacturing (3364-3466, 3369) in Delaware
DEOTRANEQMANQGSP
Average Weekly Earnings of All Employees: Manufacturing in Delaware
SMU10000003000000011
Real Gross Domestic Product: Management of Companies and Enterprises (55) in Delaware
DEMNGCOENTPRRGSP
Leading Index for Delaware
DESLIND
Industrial Carbon Dioxide Emissions, Weighted Coefficient for Other Petroleum for Delaware
EMISSCO2VOPICBDEA
Real Gross Domestic Product: Food Services and Drinking Places (722) in Delaware
DEFOODDPRGSP
Citation
U.S. Federal Reserve, State Tax Collections: T12 Insurance Premiums Sales Tax for Delaware (QTAXT12QTAXCAT3DENO), retrieved from FRED.