State Government Tax Collections, Other Selective Sales and Gross Receipts Taxes in Louisiana
LAOTHSLSTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
129,816.00
Year-over-Year Change
-50.42%
Date Range
1/1/1942 - 1/1/2024
Summary
This economic trend measures state government tax collections from other selective sales and gross receipts taxes in Louisiana. It provides insight into the state's tax revenue composition and fiscal health.
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, Other Selective Sales and Gross Receipts Taxes in Louisiana' series tracks the amount of tax revenue the state government collects from taxes on specific goods and services, excluding general sales taxes. This data is used by economists and policymakers to analyze Louisiana's tax structure and fiscal policy.
Methodology
The data is collected and reported by the U.S. Census Bureau through its quarterly survey of state and local government tax revenues.
Historical Context
This economic indicator is relevant for understanding Louisiana's fiscal policy and evaluating the state's tax system and revenue sources.
Key Facts
- The data is reported quarterly.
- Louisiana's other selective sales and gross receipts taxes make up a significant portion of the state's total tax revenue.
- These taxes can include levies on items like motor fuels, alcohol, and tobacco.
FAQs
Q: What does this economic trend measure?
A: This trend measures the amount of tax revenue the Louisiana state government collects from other selective sales and gross receipts taxes, excluding general sales taxes.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into Louisiana's tax structure and fiscal health, which is important for economists, policymakers, and anyone analyzing the state's economic and fiscal policies.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through its quarterly survey of state and local government tax revenues.
Q: How is this trend used in economic policy?
A: This indicator is relevant for understanding Louisiana's fiscal policy and evaluating the state's tax system and revenue sources, which is important for economists and policymakers.
Q: Are there update delays or limitations?
A: The data is reported quarterly, so there may be a delay of several months before the latest figures are available.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Other Selective Sales and Gross Receipts Taxes in Louisiana (LAOTHSLSTAX), retrieved from FRED.