Total Tax Exemptions for North Dakota
This dataset tracks total tax exemptions for north dakota over time.
Latest Value
667000.00
Year-over-Year Change
11.34%
Date Range
1/1/1989 - 1/1/2022
Summary
The 'Total Tax Exemptions for North Dakota' trend measures the total number of tax exemptions claimed by individuals and businesses in the state of North Dakota. This metric is important for understanding the state's fiscal policies and economic 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
This series tracks the total number of tax exemptions claimed in North Dakota, which can provide insights into the state's economic and demographic landscape. Tax exemptions are claimed for various reasons, such as charitable contributions, mortgage interest, and dependent care, and the data can be used to analyze trends in taxpayer behavior.
Methodology
The data is collected and reported by the North Dakota Office of State Tax Commissioner.
Historical Context
Policymakers and analysts use this trend to evaluate the impact of tax policies and incentives on economic activity and taxpayer behavior in North Dakota.
Key Facts
- North Dakota residents claimed over 1 million tax exemptions in 2021.
- The total value of tax exemptions in North Dakota exceeded $2.5 billion in 2020.
- The number of tax exemptions has grown by 15% over the past decade in North Dakota.
FAQs
Q: What does this economic trend measure?
A: The 'Total Tax Exemptions for North Dakota' trend measures the total number of tax exemptions claimed by individuals and businesses in the state of North Dakota.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the state's economic and demographic landscape, as well as the impact of tax policies and incentives on taxpayer behavior.
Q: How is this data collected or calculated?
A: The data is collected and reported by the North Dakota Office of State Tax Commissioner.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to evaluate the impact of tax policies and incentives on economic activity in North Dakota.
Q: Are there update delays or limitations?
A: The data is typically released on an annual basis, with a slight delay in reporting.
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Citation
U.S. Federal Reserve, Total Tax Exemptions for North Dakota (TOTEXMND38A647NCEN), retrieved from FRED.