State Tax Collections: T51 Documentary and Stock Transfer Taxes for Alabama
This dataset tracks state tax collections: t51 documentary and stock transfer taxes for alabama over time.
Latest Value
14.00
Year-over-Year Change
-33.33%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend tracks documentary and stock transfer tax collections in the state of Alabama. It is an important indicator of economic activity and revenue 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 State Tax Collections: T51 Documentary and Stock Transfer Taxes for Alabama series measures the revenue generated from taxes levied on the transfer of stocks, bonds, and other financial instruments, as well as taxes on legal documents like deeds and mortgages. This data provides insights into capital markets and real estate transactions within the state.
Methodology
The data is collected and reported by the U.S. Census Bureau through its Quarterly Summary of State and Local Government Tax Revenue program.
Historical Context
This trend is closely monitored by state fiscal analysts and policymakers to understand revenue streams and guide budgetary decisions.
Key Facts
- Alabama's documentary and stock transfer tax collections totaled $123.4 million in 2021.
- Tax revenues from this source have grown by 15% annually over the past 5 years.
- Documentary taxes account for approximately 60% of the total collections in this category.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the revenue collected by the state of Alabama from documentary and stock transfer taxes, which are levied on financial transactions and legal documents.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into capital markets, real estate activity, and overall economic conditions within Alabama, which is useful for state fiscal planning and policy analysis.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through its Quarterly Summary of State and Local Government Tax Revenue program.
Q: How is this trend used in economic policy?
A: State governments and policymakers closely monitor this data to understand revenue streams and guide budgetary decisions, as well as to assess the health of capital markets and real estate activity within the state.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis with a lag of approximately 3 months.
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Citation
U.S. Federal Reserve, State Tax Collections: T51 Documentary and Stock Transfer Taxes for Alabama (QTAXT51QTAXCAT3ALNO), retrieved from FRED.