State Government Tax Collections, Total Other Taxes in Louisiana
LATLOTHTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
828,612.00
Year-over-Year Change
-6.59%
Date Range
1/1/1942 - 1/1/2024
Summary
This trend measures total tax collections by Louisiana state government, excluding major tax categories like sales and individual income taxes. It provides insight into the broader tax revenue landscape and the 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, Total Other Taxes in Louisiana metric tracks revenue from miscellaneous state taxes, including taxes on corporations, motor vehicles, public utilities, and other sources. This data is used by economists and policymakers to analyze Louisiana's fiscal conditions and policy options.
Methodology
The data is collected and reported by the U.S. Census Bureau through surveys of state governments.
Historical Context
This metric is relevant for understanding Louisiana's overall tax structure and revenue trends, which inform budget and policy decisions.
Key Facts
- Louisiana collected $3.1 billion in total other taxes in 2021.
- Other taxes accounted for 13% of Louisiana's total state tax revenue in 2021.
- Corporate income taxes made up the largest share of Louisiana's other tax collections in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total tax collections by the Louisiana state government, excluding major categories like sales and individual income taxes.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into Louisiana's broader tax revenue landscape and fiscal health, which is important for understanding the state's budget and policy options.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through surveys of state governments.
Q: How is this trend used in economic policy?
A: This metric informs Louisiana's budget and fiscal policy decisions by giving a comprehensive view of the state's tax revenue sources and trends.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so the most recent figures may not reflect the current fiscal year.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Total Other Taxes in Louisiana (LATLOTHTAX), retrieved from FRED.