State Tax Collections: T53 Severance Taxes for Arkansas
QTAXT53QTAXCAT3ARNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.00
Year-over-Year Change
-56.52%
Date Range
1/1/1994 - 1/1/2025
Summary
The 'State Tax Collections: T53 Severance Taxes for Arkansas' metric measures the revenue collected by the state of Arkansas from severance taxes, which are taxes levied on the extraction or production of natural resources.
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
Severance taxes are an important revenue source for resource-rich states like Arkansas, funding public services and infrastructure. This data series provides insights into the state's fiscal health and the performance of its energy and mining sectors.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state government tax collections.
Historical Context
Policymakers and analysts use this metric to assess Arkansas' economic conditions and revenue trends.
Key Facts
- Arkansas collects severance taxes on natural gas, oil, and coal production.
- Severance tax revenue fluctuates with commodity prices and extraction activity.
- Severance taxes account for a significant share of Arkansas' total tax collections.
FAQs
Q: What does this economic trend measure?
A: This metric measures the revenue collected by the state of Arkansas from severance taxes, which are levied on the extraction or production of natural resources.
Q: Why is this trend relevant for users or analysts?
A: Severance tax revenue is an important indicator of Arkansas' fiscal health and the performance of its energy and mining sectors, providing insights for policymakers and analysts.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of state government tax collections.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess Arkansas' economic conditions and revenue trends, which can inform decisions about public spending, taxation, and energy policy.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedule of the U.S. Census Bureau, and may not reflect the most recent tax collection figures.
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Citation
U.S. Federal Reserve, State Tax Collections: T53 Severance Taxes for Arkansas (QTAXT53QTAXCAT3ARNO), retrieved from FRED.