State Government Tax Collections, Total Sales and Gross Receipts Taxes in Colorado
COSLGRTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8,136,841.00
Year-over-Year Change
98.91%
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 Colorado. It provides important insights into Colorado's economic activity and tax revenue generation.
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 Colorado metric tracks the total sales and gross receipts taxes collected by the state government. This data is crucial for understanding Colorado's fiscal health and the dynamics of consumer spending and business activity within the state.
Methodology
The data is collected and reported by the U.S. Census Bureau's Quarterly Summary of State and Local Government Tax Revenue.
Historical Context
This trend is widely used by policymakers, economists, and market analysts to assess Colorado's economic conditions and guide fiscal and economic policy decisions.
Key Facts
- Colorado collected $3.7 billion in sales and gross receipts taxes in 2021.
- Sales and gross receipts taxes account for over 50% of Colorado's total state tax revenue.
- Colorado's sales and gross receipts tax collections have grown by 25% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total amount of sales and gross receipts taxes collected by the state government of Colorado.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into Colorado's economic activity and fiscal health, which is important for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau's Quarterly Summary of State and Local Government Tax Revenue.
Q: How is this trend used in economic policy?
A: This trend is widely used by policymakers, economists, and market analysts to assess Colorado's economic conditions and guide fiscal and economic policy decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, so there may be delays in accessing the most recent information.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Total Sales and Gross Receipts Taxes in Colorado (COSLGRTAX), retrieved from FRED.