State Tax Collections: T19 Other Selective Sales and Gross Receipts Taxes for West Virginia
This dataset tracks state tax collections: t19 other selective sales and gross receipts taxes for west virginia over time.
Latest Value
182.00
Year-over-Year Change
18.95%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures West Virginia's other selective sales and gross receipts tax collections, providing insight into the state's tax revenue 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 West Virginia data series tracks the state's collections from taxes on specific goods and services, excluding general sales taxes. This data is a key indicator of economic conditions and consumer spending patterns within West Virginia.
Methodology
The data is collected and reported by the U.S. Census Bureau's Quarterly Summary of State and Local Tax Revenue.
Historical Context
Policymakers and analysts use this metric to monitor the state's fiscal health and make informed decisions about economic policies.
Key Facts
- West Virginia's other selective sales and gross receipts tax collections totaled $171 million in Q4 2022.
- These taxes account for about 10% of West Virginia's total state tax revenue.
- The data is released quarterly by the U.S. Census Bureau.
FAQs
Q: What does this economic trend measure?
A: This trend measures West Virginia's tax collections from other selective sales and gross receipts taxes, excluding general sales taxes.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into West Virginia's economic conditions and consumer spending patterns, which is valuable for policymakers and analysts.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau's Quarterly Summary of State and Local Tax Revenue.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to monitor the state's fiscal health and make informed decisions about economic policies.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag, so there may be a delay in accessing the most recent information.
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Citation
U.S. Federal Reserve, State Tax Collections: T19 Other Selective Sales and Gross Receipts Taxes for West Virginia (QTAXT19QTAXCAT3WVNO), retrieved from FRED.