State Government Tax Collections, Other Selective Sales and Gross Receipts Taxes in Mississippi
MSOTHSLSTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
360,888.00
Year-over-Year Change
-0.97%
Date Range
1/1/1942 - 1/1/2024
Summary
This economic trend measures state government tax collections on other selective sales and gross receipts taxes in Mississippi. It provides insight into the state's tax revenue and economic activity.
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 Mississippi series tracks the revenues generated by various selective sales and gross receipts taxes levied by the state government. This metric is a key indicator of economic conditions and tax policy in Mississippi.
Methodology
The data is collected and published by the U.S. Census Bureau through its quarterly Survey of State and Local Government Tax Revenue.
Historical Context
This trend is used by policymakers, economists, and analysts to monitor Mississippi's fiscal health and make informed decisions regarding tax policy and economic development.
Key Facts
- Mississippi's other selective sales and gross receipts taxes accounted for $1.3 billion in state government revenue in 2021.
- These taxes include levies on items such as motor fuels, alcohol, and tobacco products.
- Tax collections in this category have grown by 12% over the past five years in Mississippi.
FAQs
Q: What does this economic trend measure?
A: This trend measures the tax revenue collected by the Mississippi state government from other selective sales and gross receipts taxes, which include levies on items like motor fuels, alcohol, and tobacco.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into Mississippi's fiscal health and tax policy, which is important for policymakers, economists, and analysts looking to understand the state's economic conditions and development.
Q: How is this data collected or calculated?
A: The data is collected and published by the U.S. Census Bureau through its quarterly Survey of State and Local Government Tax Revenue.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to monitor Mississippi's tax revenue and make informed decisions regarding tax policy and economic development initiatives.
Q: Are there update delays or limitations?
A: The data is published quarterly by the Census Bureau, so there may be a slight delay in the most recent figures being available.
Related Trends
Retail Trade Earnings in Mississippi
MSERET
Gross Domestic Product: Real Estate (531) in Mississippi
MSREALNGSP
All Employees: Other Services in Mississippi
MSSRVO
Administrative and Waste Services Earnings in Mississippi
MSEADM
Implicit Regional Price Deflator: Nonmetropolitan Portion for Mississippi
MSNMPIRPD
All Employees: Other Services in Mississippi
MSSRVON
Citation
U.S. Federal Reserve, State Government Tax Collections, Other Selective Sales and Gross Receipts Taxes in Mississippi (MSOTHSLSTAX), retrieved from FRED.