State Tax Collections: T19 Other Selective Sales and Gross Receipts Taxes for Texas
QTAXT19QTAXCAT3TXNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,960.00
Year-over-Year Change
14.62%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures other selective sales and gross receipts taxes collected by the state of Texas. It provides insights into a key revenue source for state governments.
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 tracks the collection of various excise and license taxes in Texas, excluding major categories like sales tax, motor fuel tax, and alcoholic beverage taxes. This metric is useful for analyzing the tax revenue structure and fiscal health of the state.
Methodology
The data is collected and reported quarterly by the U.S. Census Bureau through state government tax collection surveys.
Historical Context
This economic indicator is closely monitored by policymakers, economists, and investors to assess the fiscal position and economic conditions in Texas.
Key Facts
- Texas is the second-largest state economy in the U.S.
- Sales and excise taxes account for over 50% of Texas' state tax revenue.
- Other selective sales taxes include taxes on motor vehicle rentals, insurance premiums, and amusements.
FAQs
Q: What does this economic trend measure?
A: This trend measures the collection of various selective sales and gross receipts taxes by the state government of Texas, excluding major categories like general sales tax and motor fuel tax.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into a key revenue source for the Texas state government, which is useful for analyzing the state's fiscal health and economic conditions.
Q: How is this data collected or calculated?
A: The data is collected and reported quarterly by the U.S. Census Bureau through state government tax collection surveys.
Q: How is this trend used in economic policy?
A: This economic indicator is closely monitored by policymakers, economists, and investors to assess the fiscal position and economic conditions in Texas.
Q: Are there update delays or limitations?
A: The data is reported quarterly, so there may be a 1-3 month delay in the most recent figures being available.
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Citation
U.S. Federal Reserve, State Tax Collections: T19 Other Selective Sales and Gross Receipts Taxes for Texas (QTAXT19QTAXCAT3TXNO), retrieved from FRED.