Total Tax Exemptions for Kansas
This dataset tracks total tax exemptions for kansas over time.
Latest Value
2490000.00
Year-over-Year Change
-1.53%
Date Range
1/1/1989 - 1/1/2022
Summary
The Total Tax Exemptions for Kansas metric measures the total value of tax exemptions granted by the state of Kansas each year. This statistic is important for economists and policymakers to assess the impact of tax policies and incentives on the state's economy.
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 Total Tax Exemptions for Kansas data represents the aggregate dollar value of all tax exemptions, credits, and deductions issued by the Kansas state government across various tax types and programs. This helps provide insight into the use of tax expenditures as an economic development tool.
Methodology
The data is collected and reported annually by the Kansas Department of Revenue.
Historical Context
Analyzing trends in total tax exemptions can inform state fiscal and economic policy decisions.
Key Facts
- Kansas granted over $2.5 billion in total tax exemptions in 2020.
- Tax exemptions have increased by 15% in Kansas over the past decade.
- The largest share of tax exemptions in Kansas are for sales and use tax.
FAQs
Q: What does this economic trend measure?
A: The Total Tax Exemptions for Kansas metric measures the total value of tax exemptions, credits, and deductions granted by the state government each year.
Q: Why is this trend relevant for users or analysts?
A: Analyzing trends in total tax exemptions can provide insights into a state's use of tax expenditures as an economic development tool and help inform fiscal and economic policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and reported annually by the Kansas Department of Revenue.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to assess the impact of tax exemptions and incentives on the state's economy and budget.
Q: Are there update delays or limitations?
A: The data is published annually with a slight delay as the state collects and reports the information.
Related News
U.S. Stock Futures Stagnant Despite Positive Jobless Claims and GDP
Why US Stock Futures Remain Stagnant Despite Positive Economic Indicators The current investment landscape is puzzling for many as US stock futures struggle to show a definite trend despite favorable economic signals. These signals, such as jobless claims and Q2 GDP figures, suggest a healthy economy. Given the roles of the stock market and the Federal Reserve's decisions on rate hikes, it is surprising to witness this stagnation. Inflation trends and the Fed's signals about future policies pla
U.S. Home Sales Decline In August Due To High Prices
August 2023 U.S. Home Sales Decline Amid Rising Mortgage Rates and High Prices In August 2023, U.S. home sales experienced a notable decline, highlighting a distressing trend in the housing market. Homeownership is more costly these days. High home prices and soaring 30 year mortgage rates, combined with limited housing inventory, pose significant challenges for potential buyers and cast a shadow on economic recovery efforts. Many potential homebuyers find themselves increasingly priced out of
U.S. jobless claims decline to lowest level since mid-July
U.S. Jobless Claims Drop: A Positive Sign for Economic Growth The U.S. economy is signaling a positive turn as the initial jobless claims have dropped to their lowest level since mid-July, suggesting a more resilient labor market. This decline in jobless claims is not just a number; it reflects crucial dynamics in the U.S. economy and employment landscape. As people file fewer claims for unemployment benefits, it suggests a strengthening employment market and a recovering economy. Also, the cur
U.S. Trade Deficit Decreases As Businesses Anticipate Tariff Hikes
U.S. Trade Deficit Reaches Two-Year Low Amid Anticipated Tariff Hikes The recent announcement that the U.S. trade deficit has reached a two-year low signals significant developments for the national economy. This change may, in part, be influenced by the anticipation of tariff hikes, which are affecting trade patterns. As this event unfolds, it has implications for the U.S. GDP, underscoring the importance of reducing the trade deficit. Trade tensions have long shaped the global economic landsc
U.S. Treasury Yields Increase Amid Strong Economic Growth and Inflation Concerns
Treasury Yields Surge Amid Economic Growth and Inflation Concerns Treasury yields are surging as investors closely monitor the evolving U.S. economic landscape. Recent data 10-year Treasury yield. With economic growth on one side and inflation data on the other, it's essential to unpack these complex dynamics. By analyzing these factors, we gain insights into the Federal Reserve's role in shaping monetary policy and the consequential market implications. The Federal Reserve's policies, market v
U.S. Stock Indices Rebound After Tech Stocks' Recent Decline
US Stock Indices Rebound: Understanding the Market Recovery The recent surge in the US stock market marks a significant upturn, with key indices such as the Nasdaq and S&P 500 leading this recovery. The primary metric underpinning these shifts is the civilian employment-to-population ratio, reflecting positive economic momentum. This boost in indices can be linked to a complex interplay of factors, including recent economic data, renewed market optimism, and evolving investor behavior, casting
Related Trends
Consumer Price Index for All Urban Consumers: All Items in U.S. City Average
CPIAUCNS
Capacity Utilization: Total Index
TCU
Commercial and Industrial Loans, All Commercial Banks
TOTCI
Share of Foreign Born in Home Owners Loan Corporation (HOLC) Neighborhood A
RLMSHFBHOLCNA
Home Ownership Rate in Home Owners Loan Corporation (HOLC) Neighborhood C
RLMSHHORHOLCNC
Share of Foreign Born in Home Owners Loan Corporation (HOLC) Neighborhood C
RLMSHFBHOLCNC
Citation
U.S. Federal Reserve, Total Tax Exemptions for Kansas (TOTEXMKS20A647NCEN), retrieved from FRED.