State Government Tax Collections, Total Other Taxes in Arizona
AZTLOTHTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
263,198.00
Year-over-Year Change
545.44%
Date Range
1/1/1942 - 1/1/2024
Summary
This economic trend measures total state tax collections in Arizona, excluding major tax types like sales, income, and property taxes. It provides insight into the state's fiscal health and revenue sources.
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 Other Taxes in Arizona data series tracks miscellaneous tax revenues collected by the Arizona state government. This helps economists and policymakers understand the broader fiscal landscape beyond the major tax categories.
Methodology
The data is collected by the U.S. Census Bureau through quarterly surveys of state finance offices.
Historical Context
This trend is used to analyze Arizona's overall tax structure and evaluate the state's economic performance and policy decisions.
Key Facts
- Arizona collected $3.1 billion in total other taxes in 2021.
- Other taxes account for around 15% of Arizona's total state tax revenue.
- The largest contributors to Arizona's other tax collections are motor vehicle license taxes and severance taxes on natural resources.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total amount of tax revenue collected by the state government of Arizona, excluding major tax types like sales, income, and property taxes.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into Arizona's fiscal health and revenue sources beyond the primary tax categories, helping economists and policymakers evaluate the state's overall tax structure and economic performance.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through quarterly surveys of state finance offices.
Q: How is this trend used in economic policy?
A: This trend is used by analysts, economists, and policymakers to understand Arizona's fiscal landscape and evaluate the state's economic performance and policy decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly, with a delay of several months after the end of the reference period.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Total Other Taxes in Arizona (AZTLOTHTAX), retrieved from FRED.