State Tax Collections: T53 Severance Taxes for Hawaii
QTAXT53QTAXCAT3HINO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
1/1/1994 - 10/1/2010
Summary
The 'State Tax Collections: T53 Severance Taxes for Hawaii' series measures the revenue collected by the state of Hawaii from taxes on the extraction or production of natural resources, such as minerals, timber, and fossil fuels. This metric is important for economists and policymakers to assess the health of Hawaii's natural resource industries and tax base.
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 by state governments on the extraction or harvesting of natural resources within their borders. The 'T53 Severance Taxes for Hawaii' series specifically tracks this revenue stream for the state of Hawaii, providing insight into the activity and profitability of its natural resource sectors.
Methodology
The data is collected and reported quarterly by the U.S. Census Bureau.
Historical Context
Severance tax revenue is a key input for state budget planning and economic analysis.
Key Facts
- Hawaii levies severance taxes on the extraction of natural resources.
- Severance tax revenue funds state budgets and policy initiatives.
- The 'T53 Severance Taxes for Hawaii' series dates back to 1992.
FAQs
Q: What does this economic trend measure?
A: The 'State Tax Collections: T53 Severance Taxes for Hawaii' series measures the revenue collected by the state of Hawaii from taxes on the extraction or production of natural resources, such as minerals, timber, and fossil fuels.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the health and activity of Hawaii's natural resource industries, which is important for assessing the state's overall economic performance and tax base.
Q: How is this data collected or calculated?
A: The data is collected and reported quarterly by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Severance tax revenue is a key input for state budget planning and economic analysis, as it reflects the performance of natural resource sectors and can impact government funding for various initiatives.
Q: Are there update delays or limitations?
A: The data is reported quarterly, so there may be a short delay between the end of the reporting period and the public release of the information.
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Citation
U.S. Federal Reserve, State Tax Collections: T53 Severance Taxes for Hawaii (QTAXT53QTAXCAT3HINO), retrieved from FRED.