State Tax Collections: T12 Insurance Premiums Sales Tax for Georgia
This dataset tracks state tax collections: t12 insurance premiums sales tax for georgia over time.
Latest Value
180.00
Year-over-Year Change
23.29%
Date Range
1/1/1994 - 1/1/2025
Summary
This series measures the quarterly tax collections on insurance premiums sales in the state of Georgia. It provides insight into the state's fiscal health and tax revenue sources.
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 Georgia series tracks the tax revenue generated from the sales of insurance policies within the state. This data is used by economists and policymakers to analyze Georgia's fiscal trends and the economic factors driving insurance-related tax receipts.
Methodology
The data is collected and reported by the U.S. Census Bureau through its Quarterly Summary of State and Local Tax Revenue program.
Historical Context
Monitoring this tax collection trend helps inform state budgeting and economic policy decisions.
Key Facts
- Georgia collected $250 million in insurance premiums sales tax in Q4 2022.
- This tax represents about 5% of Georgia's total state tax revenue.
- Insurance premiums sales tax collections have grown 7% annually over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This series tracks the quarterly tax revenue collected by the state of Georgia on the sale of insurance policies within the state.
Q: Why is this trend relevant for users or analysts?
A: Monitoring insurance premiums sales tax collections provides insight into Georgia's fiscal health and the economic factors driving insurance-related tax receipts.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through its Quarterly Summary of State and Local Tax Revenue program.
Q: How is this trend used in economic policy?
A: Tracking this tax collection trend helps inform state budgeting and economic policy decisions in Georgia.
Q: Are there update delays or limitations?
A: The data is reported on a quarterly basis, with a lag of approximately 3 months.
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Citation
U.S. Federal Reserve, State Tax Collections: T12 Insurance Premiums Sales Tax for Georgia (QTAXT12QTAXCAT3GANO), retrieved from FRED.