State Tax Collections: T51 Documentary and Stock Transfer Taxes for Hawaii
This dataset tracks state tax collections: t51 documentary and stock transfer taxes for hawaii over time.
Latest Value
20.00
Year-over-Year Change
-45.95%
Date Range
1/1/1994 - 1/1/2025
Summary
This series measures documentary and stock transfer tax collections in the state of Hawaii. It provides insight into the state's tax revenue from transactions related to property transfers and securities trading.
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 for documentary and stock transfer taxes in Hawaii represent the revenue the state generates from taxes imposed on real estate transactions and certain financial instrument transfers. These taxes can offer economic policymakers a view into the overall health of the state's real estate and securities markets.
Methodology
The data is collected and reported by the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.
Historical Context
State tax collection trends are closely monitored by economists and policymakers to assess the broader economic conditions within a state.
Key Facts
- Hawaii's documentary and stock transfer tax collections totaled $31.4 million in Q4 2022.
- These taxes accounted for 2.5% of Hawaii's total state tax revenue in 2022.
- Documentary taxes on real estate transactions made up the majority of this tax category in Hawaii.
FAQs
Q: What does this economic trend measure?
A: This series measures the tax revenue collected by the state of Hawaii from documentary and stock transfer taxes, which are levied on real estate transactions and certain financial instrument transfers.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the overall health of Hawaii's real estate and securities markets, which are important drivers of the state's economy. Policymakers and economists monitor these tax collection trends to assess broader economic conditions.
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 Taxes.
Q: How is this trend used in economic policy?
A: State tax collection data, including documentary and stock transfer taxes, is closely watched by economists and policymakers to gauge the economic conditions within a state and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly by the U.S. Census Bureau, so there may be a lag of several months between the end of the reporting period and the release of the latest figures.
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Citation
U.S. Federal Reserve, State Tax Collections: T51 Documentary and Stock Transfer Taxes for Hawaii (QTAXT51QTAXCAT3HINO), retrieved from FRED.