State Government Tax Collections, Taxes Not Elsewhere Classified in Arkansas
ARNOCLSTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
77,324.00
Year-over-Year Change
240.81%
Date Range
1/1/1942 - 1/1/2024
Summary
This economic trend measures state government tax collections for taxes not elsewhere classified in Arkansas. It provides insights into the state's tax revenue sources beyond major categories like income, sales, and property taxes.
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, Taxes Not Elsewhere Classified in Arkansas trend represents revenue collected by the Arkansas state government from various minor tax sources. This data is used by economists and policymakers to analyze the overall tax burden and funding sources for state operations and programs.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state government finance.
Historical Context
This trend is relevant for assessing the diversity and stability of Arkansas' state tax revenues.
Key Facts
- Arkansas collected $252 million in 'taxes not elsewhere classified' in 2020.
- This category represents about 4% of total state tax revenue in Arkansas.
- The 'taxes not elsewhere classified' revenue has grown by 25% over the past decade in Arkansas.
FAQs
Q: What does this economic trend measure?
A: This trend measures state government tax collections in Arkansas for taxes that do not fall into major categories like income, sales, or property taxes.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the diversity of Arkansas' state tax revenue sources beyond the main tax types, which is relevant for assessing the state's overall fiscal health and flexibility.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of state government finance.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this data to analyze the composition and stability of Arkansas' state tax revenue, which informs budgeting, fiscal policy, and economic development decisions.
Q: Are there update delays or limitations?
A: The data is published annually with a lag of about 6-12 months, so it does not provide real-time information on the most recent tax collections.
Related Trends
Real Gross Domestic Product: Other Transportation and Support Activities (487-488, 492) in Arkansas
AROTHTRANRGSP
Average Weekly Hours of All Employees: Leisure and Hospitality in Arkansas
SMU05000007000000002
Nondurable Manufacturing Earnings in Arkansas
ARENON
All Employees: Total Private in Arkansas
SMS05000000500000026
Real Per Capita Personal Income for Arkansas
ARRPIPC
Real Gross Domestic Product: Finance and Insurance (52) in Arkansas
ARFININSRQGSP
Citation
U.S. Federal Reserve, State Government Tax Collections, Taxes Not Elsewhere Classified in Arkansas (ARNOCLSTAX), retrieved from FRED.