State Tax Collections: T19 Other Selective Sales and Gross Receipts Taxes for Hawaii
This dataset tracks state tax collections: t19 other selective sales and gross receipts taxes for hawaii over time.
Latest Value
255.00
Year-over-Year Change
-4.85%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures Hawaii's collections of other selective sales and gross receipts taxes, a key component of state tax revenue. It provides insight into the state's fiscal health 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 Hawaii series tracks revenue from a variety of state-level taxes on specific goods, services, and business activities. This data is used by economists and policymakers to analyze Hawaii's fiscal position and broader economic trends.
Methodology
The data is collected and reported by the U.S. Census Bureau as part of their quarterly state government tax revenue statistics.
Historical Context
This trend is closely monitored by Hawaii's government, as well as national economic analysts, to assess the state's fiscal and economic performance.
Key Facts
- Hawaii collects over $1 billion annually in other selective sales and gross receipts taxes.
- These taxes account for approximately 20% of Hawaii's total state tax revenue.
- Other selective sales taxes include levies on items like alcohol, tobacco, and motor fuel.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarterly collections of other selective sales and gross receipts taxes by the state government of Hawaii.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into Hawaii's fiscal health and economic activity, as selective sales taxes are an important revenue source for the state.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau as part of their quarterly state government tax revenue statistics.
Q: How is this trend used in economic policy?
A: Hawaii's government and national economic analysts closely monitor this trend to assess the state's fiscal and economic performance.
Q: Are there update delays or limitations?
A: The data is released quarterly by the Census Bureau, so there may be a short delay in the most recent figures becoming available.
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Citation
U.S. Federal Reserve, State Tax Collections: T19 Other Selective Sales and Gross Receipts Taxes for Hawaii (QTAXT19QTAXCAT3HINO), retrieved from FRED.