State Tax Collections: T12 Insurance Premiums Sales Tax for New Hampshire
QTAXT12QTAXCAT3NHNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
162.00
Year-over-Year Change
15.71%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures sales tax revenues from insurance premiums collected by the state of New Hampshire. It is an important indicator of consumer and business activity in the insurance sector.
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 New Hampshire tracks the monthly and annual revenues generated by the state's tax on insurance premiums. This data provides insights into the performance and growth of New Hampshire's insurance industry.
Methodology
The data is collected and reported by the U.S. Census Bureau through surveys of state tax authorities.
Historical Context
This trend is closely monitored by state policymakers, industry analysts, and economic researchers to assess economic conditions and tax revenue.
Key Facts
- New Hampshire has no state income tax.
- Insurance is a major industry in New Hampshire.
- Tax revenues support state government services.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly and annual sales tax revenues collected by the state of New Hampshire on insurance premiums.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the performance and growth of New Hampshire's insurance industry, which is an important part of the state's economy.
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 tax authorities.
Q: How is this trend used in economic policy?
A: State policymakers, industry analysts, and economic researchers closely monitor this trend to assess economic conditions and tax revenue in New Hampshire.
Q: Are there update delays or limitations?
A: The data is reported on a monthly and annual basis, with a typical delay of 1-2 months for the most recent figures.
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Citation
U.S. Federal Reserve, State Tax Collections: T12 Insurance Premiums Sales Tax for New Hampshire (QTAXT12QTAXCAT3NHNO), retrieved from FRED.