State Tax Collections: T12 Insurance Premiums Sales Tax for Oregon
This dataset tracks state tax collections: t12 insurance premiums sales tax for oregon over time.
Latest Value
46.00
Year-over-Year Change
24.32%
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 Oregon. It provides insight into consumer spending and the health of the insurance industry in 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 Oregon represents the total amount of sales tax revenue generated from insurance premium purchases within the state. This metric is used by economists and policymakers to analyze consumer behavior, gauge economic activity, and inform fiscal policy decisions.
Methodology
The data is collected and reported by the U.S. Census Bureau through state-level tax revenue surveys.
Historical Context
This trend is relevant for understanding the financial health of Oregon's insurance sector and assessing the overall economic conditions in the state.
Key Facts
- Oregon collected $336 million in insurance premiums sales tax in 2021.
- This tax represents approximately 2% of the state's total tax revenue.
- The insurance premiums sales tax has grown by 25% over the past 5 years in Oregon.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total sales tax revenue collected by the state of Oregon on insurance premium purchases made by consumers and businesses.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the health of Oregon's insurance industry and consumer spending patterns, which are important factors for economists and policymakers to monitor.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through state-level tax revenue surveys.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this trend to assess the overall economic conditions in Oregon and inform decisions related to taxation, insurance regulation, and fiscal policy.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately 3 months, so there may be a delay in accessing the most recent information.
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Citation
U.S. Federal Reserve, State Tax Collections: T12 Insurance Premiums Sales Tax for Oregon (QTAXT12QTAXCAT3ORNO), retrieved from FRED.