State Government Tax Collections, Total Selective Sales Taxes in Colorado
COTLSLTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,470,802.00
Year-over-Year Change
94.08%
Date Range
1/1/1942 - 1/1/2024
Summary
The 'State Government Tax Collections, Total Selective Sales Taxes in Colorado' trend measures total selective sales tax revenue collected by the Colorado state government. This metric is important for economists and policymakers to monitor the state's fiscal health and consumer spending patterns.
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
This economic indicator tracks the total amount of selective sales taxes collected by the Colorado state government, including taxes on items like motor fuels, alcohol, and tobacco. It provides insight into consumer behavior and state revenue generation, which are key factors for economic analysis and policy decisions.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state government tax agencies.
Historical Context
Policymakers and analysts use this metric to assess Colorado's fiscal position and economic conditions.
Key Facts
- Colorado collected $2.3 billion in selective sales taxes in 2021.
- Selective sales taxes account for approximately 20% of Colorado's total state tax revenue.
- Motor fuel taxes make up the largest component of Colorado's selective sales tax collections.
FAQs
Q: What does this economic trend measure?
A: The 'State Government Tax Collections, Total Selective Sales Taxes in Colorado' trend measures the total revenue collected by the Colorado state government from selective sales taxes, such as those on motor fuels, alcohol, and tobacco.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding Colorado's fiscal health, consumer spending patterns, and the state's overall economic conditions. It provides valuable insights for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of state government tax agencies.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess Colorado's fiscal position and economic conditions, which can inform decisions related to taxation, spending, and regulatory policies.
Q: Are there update delays or limitations?
A: The data is typically released with a delay of several months, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Total Selective Sales Taxes in Colorado (COTLSLTAX), retrieved from FRED.