State Government Tax Collections, Other Selective Sales and Gross Receipts Taxes in Arkansas
AROTHSLSTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
328,914.00
Year-over-Year Change
47.77%
Date Range
1/1/1942 - 1/1/2024
Summary
This economic trend measures state government tax collections from other selective sales and gross receipts taxes in Arkansas. It is an important indicator of state fiscal health 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
The 'State Government Tax Collections, Other Selective Sales and Gross Receipts Taxes in Arkansas' series tracks tax revenue collected by the Arkansas state government from sources such as excise taxes, license taxes, and other selective sales taxes. This provides insight into the state's economic and fiscal conditions.
Methodology
The data is collected and reported by the U.S. Census Bureau through its Quarterly Summary of State and Local Tax Revenue program.
Historical Context
This trend is closely monitored by policymakers, economists, and analysts to assess Arkansas' economic performance and fiscal policies.
Key Facts
- Arkansas collected $251 million in other selective sales and gross receipts taxes in 2021.
- This tax revenue accounts for approximately 10% of total state tax collections in Arkansas.
- Other selective sales taxes include taxes on motor fuels, alcohol, and tobacco products.
FAQs
Q: What does this economic trend measure?
A: This trend measures the tax revenue collected by the state government of Arkansas from other selective sales and gross receipts taxes, such as excise taxes and license fees.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into Arkansas' fiscal health and economic activity, as it reflects revenue from a variety of state-level taxes and fees.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through its Quarterly Summary of State and Local Tax Revenue program.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and analysts closely monitor this trend to assess Arkansas' economic performance and guide fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly, with a slight delay, and may be subject to revisions by the Census Bureau.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Other Selective Sales and Gross Receipts Taxes in Arkansas (AROTHSLSTAX), retrieved from FRED.