State Tax Collections: T99 Taxes, Not Elsewhere Classified for Tennessee
QTAXT99QTAXCAT3TNNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.00
Year-over-Year Change
-36.36%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures 'T99 Taxes, Not Elsewhere Classified' tax collections for the state of Tennessee. It provides insight into a key component of overall state tax revenue.
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 'T99 Taxes, Not Elsewhere Classified' series tracks tax revenue collected by the state of Tennessee that cannot be categorized into other established tax types. This data offers a window into Tennessee's evolving tax structure and fiscal health.
Methodology
The data is collected directly from Tennessee state government tax revenue reports.
Historical Context
This trend is used by economists and policymakers to analyze the state's overall fiscal position and tax policy.
Key Facts
- Tennessee has no state personal income tax.
- State and local tax collections account for about 10% of Tennessee's GDP.
- Tax revenue from the 'T99' category has grown by over 20% in the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures tax revenue collected by the state of Tennessee that cannot be classified into other established tax categories, providing insight into the state's evolving tax structure.
Q: Why is this trend relevant for users or analysts?
A: This data offers valuable information about Tennessee's fiscal health and tax policy that is useful for economists, policymakers, and anyone analyzing the state's economic conditions.
Q: How is this data collected or calculated?
A: The data is collected directly from Tennessee state government tax revenue reports.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze the state's overall fiscal position and inform tax policy decisions.
Q: Are there update delays or limitations?
A: The data is released quarterly with a short delay, providing timely information on Tennessee's tax revenue trends.
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Citation
U.S. Federal Reserve, State Tax Collections: T99 Taxes, Not Elsewhere Classified for Tennessee (QTAXT99QTAXCAT3TNNO), retrieved from FRED.