State Government Tax Collections, Insurance Premiums - Selective Sales Taxes in Nebraska
NEINSURTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
94,200.00
Year-over-Year Change
102.66%
Date Range
1/1/1942 - 1/1/2024
Summary
This trend measures state government tax collections on insurance premiums in Nebraska. It is an important indicator of consumer spending and economic activity in the insurance sector.
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, Insurance Premiums - Selective Sales Taxes in Nebraska series tracks tax revenue collected by the state government on insurance premiums. This metric provides insights into the health of Nebraska's insurance industry and consumer demand for insurance products.
Methodology
The data is collected directly from the Nebraska Department of Revenue.
Historical Context
This trend is used by policymakers, economists, and financial analysts to assess economic conditions and tax revenue in Nebraska.
Key Facts
- Nebraska collected $207 million in insurance premium taxes in 2021.
- Insurance premium taxes account for 3.5% of Nebraska's total tax revenue.
- The insurance premium tax rate in Nebraska is currently 1% of premiums.
FAQs
Q: What does this economic trend measure?
A: This trend measures the tax revenue collected by the state government of Nebraska on insurance premiums.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the health of Nebraska's insurance industry and consumer demand for insurance products, which is relevant for policymakers, economists, and financial analysts.
Q: How is this data collected or calculated?
A: The data is collected directly from the Nebraska Department of Revenue.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and financial analysts to assess economic conditions and tax revenue in Nebraska.
Q: Are there update delays or limitations?
A: The data is reported quarterly, and there may be some delay in the release of the most recent figures.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Insurance Premiums - Selective Sales Taxes in Nebraska (NEINSURTAX), retrieved from FRED.