State Government Tax Collections, Documentary and Stock Transfer Taxes in Arkansas
ARDOCUTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
64,442.00
Year-over-Year Change
150.26%
Date Range
1/1/1951 - 1/1/2024
Summary
This economic trend measures documentary and stock transfer tax collections by the state government of Arkansas. It provides insights into economic activity and revenue generation in the state.
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 State Government Tax Collections, Documentary and Stock Transfer Taxes in Arkansas series tracks the revenue collected by the state government from taxes on the transfer of real estate and financial instruments. These taxes are an important source of funding for state operations and infrastructure.
Methodology
The data is collected and reported by the U.S. Census Bureau as part of their Quarterly Summary of State and Local Government Tax Revenue survey.
Historical Context
Economists and policymakers use this data to analyze economic trends and the fiscal health of the state of Arkansas.
Key Facts
- Arkansas collected $34.6 million in documentary and stock transfer taxes in 2021.
- These taxes accounted for 1.2% of Arkansas's total state tax revenue in 2021.
- Documentary and stock transfer tax collections in Arkansas have grown by 24% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the revenue collected by the state government of Arkansas from taxes on the transfer of real estate and financial instruments, known as documentary and stock transfer taxes.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into economic activity and the fiscal health of the state of Arkansas, making it relevant for economists, policymakers, and those analyzing state-level trends.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau as part of their Quarterly Summary of State and Local Government Tax Revenue survey.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this data to analyze economic trends and the fiscal health of the state of Arkansas, which can inform policy decisions and budget planning.
Q: Are there update delays or limitations?
A: The data is released quarterly by the U.S. Census Bureau, with a delay of approximately 3 months. There may be revisions to previously reported data.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Documentary and Stock Transfer Taxes in Arkansas (ARDOCUTAX), retrieved from FRED.