State Tax Collections: T51 Documentary and Stock Transfer Taxes for Indiana
This dataset tracks state tax collections: t51 documentary and stock transfer taxes for indiana over time.
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
1/1/1994 - 10/1/2010
Summary
This economic trend measures documentary and stock transfer tax collections in the state of Indiana. It provides insight into a revenue source that supports state government operations 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: T51 Documentary and Stock Transfer Taxes for Indiana metric tracks tax revenue from the transfer of real estate and financial assets within the state. This data point is used by economists and policymakers to analyze Indiana's fiscal health and tax policy.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state government revenue sources.
Historical Context
This trend is relevant for understanding Indiana's economic and budgetary conditions, as documentary and transfer taxes contribute to the state's general fund.
Key Facts
- Indiana collected $231 million in documentary and transfer taxes in 2021.
- These taxes account for approximately 2% of Indiana's total state tax revenue.
- Documentary taxes apply to real estate transactions, while transfer taxes are levied on stock and security trades.
FAQs
Q: What does this economic trend measure?
A: This trend measures the tax revenue collected by the state of Indiana from documentary and stock transfer taxes. These taxes are levied on real estate transactions and financial asset trades within the state.
Q: Why is this trend relevant for users or analysts?
A: This data point provides insight into Indiana's fiscal health and economic activity, as documentary and transfer taxes are an important revenue source for the state government.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of state government revenue sources.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this data to analyze Indiana's budgetary conditions and the health of the state's real estate and financial markets.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, so it may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, State Tax Collections: T51 Documentary and Stock Transfer Taxes for Indiana (QTAXT51QTAXCAT3INNO), retrieved from FRED.