State Government Tax Collections, Total Sales and Gross Receipts Taxes in Arizona
AZSLGRTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15,342,937.00
Year-over-Year Change
90.21%
Date Range
1/1/1942 - 1/1/2024
Summary
This economic trend measures total sales and gross receipts taxes collected by the state government of Arizona. It is a key indicator of economic activity and consumer spending within 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, Total Sales and Gross Receipts Taxes in Arizona series tracks the total amount of sales and gross receipts taxes collected by the Arizona state government. This metric provides insight into broader economic conditions and consumer demand within the state.
Methodology
The data is collected and reported by the U.S. Census Bureau through surveys of state and local government tax authorities.
Historical Context
Policymakers and economists monitor this trend to assess the health of Arizona's economy and consumer sector.
Key Facts
- Arizona has no state-level income tax.
- Sales tax accounts for over a third of Arizona's state tax revenue.
- Fluctuations in this trend often reflect changes in consumer spending.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total amount of sales and gross receipts taxes collected by the Arizona state government.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the health of Arizona's consumer economy and can inform policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through surveys of state and local government tax authorities.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this trend to assess the overall state of Arizona's economy and consumer sector.
Q: Are there update delays or limitations?
A: The data is released quarterly, with a lag of several months.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Total Sales and Gross Receipts Taxes in Arizona (AZSLGRTAX), retrieved from FRED.