State Government Tax Collections, Taxes Not Elsewhere Classified in Colorado
CONOCLSTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
1/1/1942 - 1/1/2021
Summary
This economic trend measures state government tax collections in Colorado for taxes not classified elsewhere. 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, Taxes Not Elsewhere Classified in Colorado series tracks revenue from taxes that do not fit into other defined categories, such as sales, income, or property taxes. This data is used by economists and policymakers to analyze the overall tax burden and diversification of Colorado's state government revenue.
Methodology
The data is collected through the U.S. Census Bureau's quarterly survey of state and local government tax revenue.
Historical Context
This economic indicator is relevant for understanding Colorado's fiscal policy and economic environment.
Key Facts
- Colorado collected $345 million in taxes not elsewhere classified in 2021.
- This tax category accounts for around 2.5% of Colorado's total state tax revenue.
- Taxes not elsewhere classified include levies on licenses, permits, and other miscellaneous sources.
FAQs
Q: What does this economic trend measure?
A: This trend measures state government tax collections in Colorado for taxes that do not fit into other defined categories, such as sales, income, or property taxes.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the diversification of Colorado's state government revenue sources and is used by economists and policymakers to analyze the state's fiscal health and tax burden.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's quarterly survey of state and local government tax revenue.
Q: How is this trend used in economic policy?
A: This economic indicator is relevant for understanding Colorado's fiscal policy and economic environment, as it provides information on a key component of the state's tax revenue.
Q: Are there update delays or limitations?
A: The data is published quarterly by the U.S. Census Bureau, with some potential for minor delays in data availability.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Taxes Not Elsewhere Classified in Colorado (CONOCLSTAX), retrieved from FRED.