State Tax Collections: T19 Other Selective Sales and Gross Receipts Taxes for North Dakota
This dataset tracks state tax collections: t19 other selective sales and gross receipts taxes for north dakota over time.
Latest Value
47.00
Year-over-Year Change
6.82%
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 North Dakota. It provides insights into a key component of state tax revenue and fiscal health.
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 'Other Selective Sales and Gross Receipts Taxes' series represents revenue from state-level taxes on specific goods, services, or transactions in North Dakota. This data point is used by economists and policymakers to analyze the state's tax base, fiscal policies, and economic conditions.
Methodology
The data is collected directly from North Dakota state government revenue records.
Historical Context
This metric is relevant for understanding North Dakota's overall tax structure and ability to fund public services.
Key Facts
- North Dakota's other selective sales tax revenue was $203 million in 2021.
- This tax category accounts for 8% of North Dakota's total state tax collections.
- The trend has shown steady growth over the past decade.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the revenue collected by the state government of North Dakota from 'Other Selective Sales and Gross Receipts Taxes', which includes taxes on specific goods, services, and transactions.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into a key component of North Dakota's tax base and fiscal health, which is important for economists, policymakers, and anyone analyzing the state's economic conditions.
Q: How is this data collected or calculated?
A: The data is collected directly from North Dakota state government revenue records.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to understand North Dakota's overall tax structure and ability to fund public services and programs.
Q: Are there update delays or limitations?
A: The data is published quarterly with a typical 3-month lag.
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Citation
U.S. Federal Reserve, State Tax Collections: T19 Other Selective Sales and Gross Receipts Taxes for North Dakota (QTAXT19QTAXCAT3NDNO), retrieved from FRED.