State Tax Collections: T40 Individual Income Taxes for Colorado
QTAXT40QTAXCAT3CONO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,089.00
Year-over-Year Change
-54.76%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures individual income tax collections in the state of Colorado. It is an important indicator of the state's fiscal health 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: T40 Individual Income Taxes for Colorado series tracks the quarterly revenue collected by the state from individual income taxes. This data is used by policymakers, economists, and analysts to assess Colorado's fiscal position and broader economic trends.
Methodology
The data is collected and reported by the U.S. Census Bureau.
Historical Context
This metric informs decisions around state budgeting, taxation policy, and economic development.
Key Facts
- Colorado relies on individual income taxes for over 50% of its tax revenue.
- Q4 2022 individual income tax collections in Colorado reached a record high.
- Tax collections fluctuate with economic conditions and policy changes.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarterly revenue collected by the state of Colorado from individual income taxes.
Q: Why is this trend relevant for users or analysts?
A: This metric is an important indicator of Colorado's fiscal health and broader economic conditions, informing policy decisions.
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: This metric informs decisions around state budgeting, taxation policy, and economic development in Colorado.
Q: Are there update delays or limitations?
A: The data is reported quarterly, with a slight delay, and may be subject to revisions.
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Citation
U.S. Federal Reserve, State Tax Collections: T40 Individual Income Taxes for Colorado (QTAXT40QTAXCAT3CONO), retrieved from FRED.