State Tax Collections: T53 Severance Taxes for Delaware
QTAXT53QTAXCAT3DENO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
1/1/1994 - 4/1/2025
Summary
The 'State Tax Collections: T53 Severance Taxes for Delaware' trend measures the total tax revenue collected by the state of Delaware from severance taxes. This data provides insights into Delaware's fiscal health and resource extraction 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
Severance taxes are levied on the extraction of natural resources, such as oil, gas, coal, or minerals, within a state's borders. The 'T53 Severance Taxes for Delaware' series tracks the total revenue from these taxes, offering economists and policymakers a gauge of Delaware's resource-based economic activity.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state tax authorities.
Historical Context
Severance tax revenue is an important consideration for state budgeting and resource management policies.
Key Facts
- Delaware does not have significant oil, gas, or mineral extraction.
- Severance tax revenue accounts for less than 1% of Delaware's total tax collections.
- Severance tax rates and revenues vary widely across U.S. states.
FAQs
Q: What does this economic trend measure?
A: The 'State Tax Collections: T53 Severance Taxes for Delaware' trend measures the total tax revenue collected by the state of Delaware from severance taxes on natural resource extraction.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into Delaware's fiscal health and resource-based economic activity, which is useful for economists and policymakers studying state tax and resource management policies.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of state tax authorities.
Q: How is this trend used in economic policy?
A: Severance tax revenue is an important consideration for state budgeting and resource management policies.
Q: Are there update delays or limitations?
A: The data is published quarterly with a typical 3-month lag.
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Citation
U.S. Federal Reserve, State Tax Collections: T53 Severance Taxes for Delaware (QTAXT53QTAXCAT3DENO), retrieved from FRED.