State Government Tax Collections, Taxes Not Elsewhere Classified in Idaho
IDNOCLSTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,578.00
Year-over-Year Change
N/A%
Date Range
1/1/1942 - 1/1/2024
Summary
This economic trend measures state government tax collections in Idaho, specifically taxes that are not classified elsewhere. It provides insights into the overall tax revenue and fiscal health of 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, Taxes Not Elsewhere Classified in Idaho metric tracks the revenue generated by the state government through taxes that do not fall under other established tax categories. This data is used by policymakers, economists, and analysts to assess the state's fiscal conditions and revenue sources.
Methodology
The data is collected and published by the U.S. Census Bureau through its annual survey of state and local government finances.
Historical Context
This trend is important for understanding Idaho's tax policy and its impact on the state's economy and public services.
Key Facts
- Idaho's state government collected $305 million in taxes not elsewhere classified in 2021.
- This tax category accounts for approximately 7% of Idaho's total state tax revenue.
- The trend in this tax collection has remained relatively stable over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the tax revenue collected by the state government of Idaho that is not classified under other established tax categories, providing insights into the state's overall tax revenue and fiscal health.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for policymakers, economists, and analysts as it helps them assess Idaho's fiscal conditions, revenue sources, and the impact of tax policy on the state's economy and public services.
Q: How is this data collected or calculated?
A: The data is collected and published by the U.S. Census Bureau through its annual survey of state and local government finances.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and economists to understand Idaho's tax policy and its impact on the state's economy, revenue, and public services.
Q: Are there update delays or limitations?
A: The data is published annually, and there may be a delay of several months between the end of the fiscal year and the release of the data.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Taxes Not Elsewhere Classified in Idaho (IDNOCLSTAX), retrieved from FRED.