State Tax Collections: T19 Other Selective Sales and Gross Receipts Taxes for the United States
This dataset tracks state tax collections: t19 other selective sales and gross receipts taxes for the united states over time.
Latest Value
16543.00
Year-over-Year Change
23.80%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures state tax collections from other selective sales and gross receipts taxes in the United States. It provides insights into state government revenue sources and economic conditions.
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 the United States' series tracks state-level tax collections from various selective sales and gross receipts taxes beyond the major categories of sales, use, and personal income taxes. This data offers a more granular view of state fiscal health and economic activity.
Methodology
The data is collected and reported by the U.S. Census Bureau.
Historical Context
Policymakers and economists use this trend to analyze state government budgets and evaluate the impact of economic conditions on tax revenue streams.
Key Facts
- The United States has 50 state governments that collect various taxes.
- Other selective sales taxes include levies on motor fuels, alcohol, and tobacco.
- Gross receipts taxes are imposed on the total revenue of a business.
FAQs
Q: What does this economic trend measure?
A: This trend measures state tax collections from other selective sales and gross receipts taxes beyond the major categories of sales, use, and personal income taxes.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into state government revenue sources and economic conditions, which is valuable for policymakers and economists analyzing fiscal health and economic activity.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to analyze state government budgets and evaluate the impact of economic conditions on tax revenue streams.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedule and methodological constraints of the U.S. Census Bureau.
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Citation
U.S. Federal Reserve, State Tax Collections: T19 Other Selective Sales and Gross Receipts Taxes for the United States (QTAXT19QTAXCAT3USNO), retrieved from FRED.