State Tax Collections: T19 Other Selective Sales and Gross Receipts Taxes for Colorado
This dataset tracks state tax collections: t19 other selective sales and gross receipts taxes for colorado over time.
Latest Value
401.00
Year-over-Year Change
317.71%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures other selective sales and gross receipts taxes collected by the state government of Colorado. It provides insights into the tax revenue generation from specific industries and economic activities 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: T19 Other Selective Sales and Gross Receipts Taxes for Colorado' series tracks the tax revenue collected by the Colorado state government from selective sales and gross receipts taxes that are not part of the major tax categories. This data is used by economists and policymakers to analyze the state's tax structure and assess the economic performance of specific industries.
Methodology
The data is collected and reported by the U.S. Census Bureau as part of its state government tax collection survey.
Historical Context
This trend is relevant for understanding the fiscal health and policy decisions of the Colorado state government.
Key Facts
- Colorado collected $1.2 billion in other selective sales and gross receipts taxes in 2021.
- This tax category accounts for around 7% of Colorado's total state tax revenue.
- The trend has shown moderate growth over the past decade, reflecting the state's economic expansion.
FAQs
Q: What does this economic trend measure?
A: This trend measures the tax revenue collected by the state government of Colorado from other selective sales and gross receipts taxes, which are taxes on specific industries or economic activities that are not part of the major tax categories.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the tax structure and economic performance of specific industries in Colorado, which is useful for economists, policymakers, and analysts studying the state's fiscal health and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau as part of its state government tax collection survey.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze the state's tax structure, assess the economic performance of specific industries, and inform fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is typically published with a lag of several months, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, State Tax Collections: T19 Other Selective Sales and Gross Receipts Taxes for Colorado (QTAXT19QTAXCAT3CONO), retrieved from FRED.