State Government Tax Collections, Documentary and Stock Transfer Taxes in Pennsylvania
PADOCUTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
697,497.00
Year-over-Year Change
103.65%
Date Range
1/1/1951 - 1/1/2024
Summary
This economic indicator tracks documentary and stock transfer taxes collected by the state government of Pennsylvania. It provides insights into economic activity and revenue generation in 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, Documentary and Stock Transfer Taxes in Pennsylvania series measures the revenue collected by the Commonwealth of Pennsylvania from taxes on the transfer of real estate deeds and stocks. This data is used by economists and policymakers to assess economic trends and fiscal conditions in the state.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state government finance.
Historical Context
This tax revenue information helps inform state budgeting, economic development policies, and analyses of Pennsylvania's fiscal health.
Key Facts
- Pennsylvania collected $522 million in documentary and stock transfer taxes in 2021.
- These taxes account for around 3% of total state tax revenue in Pennsylvania.
- Documentary taxes are levied on real estate deed transfers in the state.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the revenue collected by the Commonwealth of Pennsylvania from taxes on the transfer of real estate deeds and stocks.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into economic activity and fiscal conditions in Pennsylvania, which is useful for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of state government finance.
Q: How is this trend used in economic policy?
A: This tax revenue information helps inform state budgeting, economic development policies, and analyses of Pennsylvania's fiscal health.
Q: Are there update delays or limitations?
A: The data is released quarterly by the U.S. Census Bureau with a typical lag of several months.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Documentary and Stock Transfer Taxes in Pennsylvania (PADOCUTAX), retrieved from FRED.