Total Tax Exemptions for Arizona
TOTEXMAZ4A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,880,000.00
Year-over-Year Change
13.92%
Date Range
1/1/1989 - 1/1/2022
Summary
The Total Tax Exemptions for Arizona metric measures the total value of tax exemptions granted in the state of Arizona. This data provides insights into the state's tax policies and their economic impacts.
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
This data series tracks the total dollar amount of tax exemptions, deductions, and credits granted to individuals and businesses in the state of Arizona. It serves as an indicator of the state's tax environment and can be used to analyze the effects of tax policy changes on economic activity.
Methodology
The data is collected and reported by the U.S. Census Bureau.
Historical Context
Policymakers and economists use this metric to understand the scope of tax expenditures and their influence on the Arizona economy.
Key Facts
- Arizona granted over $12 billion in total tax exemptions in 2021.
- Tax exemptions account for approximately 25% of the state's total tax revenue.
- The top three categories of tax exemptions in Arizona are sales tax, property tax, and income tax.
FAQs
Q: What does this economic trend measure?
A: The Total Tax Exemptions for Arizona metric measures the total value of tax exemptions, deductions, and credits granted to individuals and businesses in the state of Arizona.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the state's tax policies and their economic impacts, which is valuable for policymakers, economists, and businesses operating in Arizona.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to understand the scope of tax expenditures and their influence on the Arizona economy, which can inform tax policy decisions.
Q: Are there update delays or limitations?
A: The data is published annually with a delay of approximately one year.
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Citation
U.S. Census Bureau, Total Tax Exemptions for Arizona (TOTEXMAZ4A647NCEN), retrieved from FRED.