State Tax Collections: T53 Severance Taxes for Vermont
QTAXT53QTAXCAT3VTNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
1/1/1994 - 1/1/2014
Summary
The 'State Tax Collections: T53 Severance Taxes for Vermont' trend measures the revenue from severance taxes collected by the state of Vermont. This metric is important for economists and policymakers to assess Vermont's fiscal health and natural 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 or harvesting of natural resources within a state's borders, such as oil, gas, minerals, and timber. The 'T53 Severance Taxes for Vermont' series tracks this revenue stream, providing insight into Vermont's natural resource industries and their economic contribution.
Methodology
The data is collected directly from the U.S. Census Bureau's Quarterly Summary of State and Local Government Tax Revenue.
Historical Context
Severance tax revenue is a key consideration for Vermont's fiscal and economic policy decisions.
Key Facts
- Vermont levies severance taxes on the extraction of natural resources.
- Severance tax revenue fluctuates with commodity prices and production levels.
- This data series dates back to 1993 and is released quarterly.
FAQs
Q: What does this economic trend measure?
A: The 'State Tax Collections: T53 Severance Taxes for Vermont' trend measures the revenue collected by the state of Vermont from taxes levied on the extraction or harvesting of natural resources within its borders.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into Vermont's natural resource industries and their economic contribution, which is important for assessing the state's fiscal health and informing policy decisions.
Q: How is this data collected or calculated?
A: The data is collected directly from the U.S. Census Bureau's Quarterly Summary of State and Local Government Tax Revenue.
Q: How is this trend used in economic policy?
A: Severance tax revenue is a key consideration for Vermont's fiscal and economic policy decisions, as it reflects the state's natural resource extraction activity and contributes to its overall tax base.
Q: Are there update delays or limitations?
A: This data series is released quarterly by the U.S. Census Bureau, so there may be a short delay between the end of the reference period and the public release of the data.
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Citation
U.S. Federal Reserve, State Tax Collections: T53 Severance Taxes for Vermont (QTAXT53QTAXCAT3VTNO), retrieved from FRED.