State Tax Collections: T19 Other Selective Sales and Gross Receipts Taxes for Arizona
This dataset tracks state tax collections: t19 other selective sales and gross receipts taxes for arizona over time.
Latest Value
68.00
Year-over-Year Change
38.78%
Date Range
1/1/1994 - 1/1/2022
Summary
This economic trend measures other selective sales and gross receipts taxes collected by the state government of Arizona. It provides insight into a key revenue source for state budgets and economic activity.
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: T19 Other Selective Sales and Gross Receipts Taxes for Arizona' series tracks a specific type of tax revenue that states use to fund public services and programs. This data is used by economists and policymakers to analyze state fiscal conditions and the underlying drivers of economic activity.
Methodology
The data is collected and reported quarterly by the U.S. Census Bureau.
Historical Context
Trends in this tax revenue can inform assessments of Arizona's economic and budgetary performance.
Key Facts
- Arizona collected $1.02 billion in other selective sales taxes in Q4 2022.
- This tax revenue has grown by 8.5% annually over the past 5 years.
- Selective sales taxes account for 17% of Arizona's total state tax collections.
FAQs
Q: What does this economic trend measure?
A: This trend measures the revenue collected by the state government of Arizona from other selective sales and gross receipts taxes, which include taxes on things like motor fuel, alcohol, and tobacco.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into a key revenue source for state budgets and can be used to assess Arizona's economic performance and fiscal conditions.
Q: How is this data collected or calculated?
A: The data is collected and reported quarterly by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Trends in this tax revenue can inform assessments of Arizona's economic and budgetary performance, which are relevant for policymakers, economists, and market analysts.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of approximately 3 months.
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Citation
U.S. Federal Reserve, State Tax Collections: T19 Other Selective Sales and Gross Receipts Taxes for Arizona (QTAXT19QTAXCAT3AZNO), retrieved from FRED.