State Tax Collections: T12 Insurance Premiums Sales Tax for Nebraska
This dataset tracks state tax collections: t12 insurance premiums sales tax for nebraska over time.
Latest Value
54.00
Year-over-Year Change
3.85%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures Nebraska's tax collections from insurance premiums sales tax, an important 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 on insurance premiums sales is a key component of overall state tax collections. This data series tracks the total amount of taxes collected by the Nebraska government from this tax, providing insight into the state's fiscal health and revenue composition.
Methodology
The data is collected and reported by the U.S. Census Bureau.
Historical Context
Policymakers and analysts use this data to assess Nebraska's fiscal position and economic performance.
Key Facts
- Nebraska collected over $250 million in insurance premiums sales tax in 2021.
- Insurance premiums sales tax accounts for approximately 5% of Nebraska's total state tax revenue.
- This tax revenue supports state spending on public services and infrastructure.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total amount of tax revenue collected by the state of Nebraska from the insurance premiums sales tax.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into Nebraska's fiscal health and the composition of its tax revenue, which is important for policymakers, economists, and investors.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to assess Nebraska's fiscal position, make budgeting decisions, and evaluate the state's economic performance.
Q: Are there update delays or limitations?
A: The data is typically published with a few months' lag, so there may be delays in accessing the most recent information.
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Citation
U.S. Federal Reserve, State Tax Collections: T12 Insurance Premiums Sales Tax for Nebraska (QTAXT12QTAXCAT3NENO), retrieved from FRED.