National Totals of State and Local Tax Revenue: T09 General Sales and Gross Receipts Taxes, 4 Quarters Ending for the United States
QTAXT094QEQTAXCAT1USYES • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
589,721.00
Year-over-Year Change
12.35%
Date Range
1/1/2009 - 1/1/2025
Summary
This economic series tracks state and local sales and gross receipts tax revenue in the United States over a 4-quarter period. It provides insights into consumer spending and state 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 National Totals of State and Local Tax Revenue: T09 General Sales and Gross Receipts Taxes series measures the total sales and gross receipts tax revenue collected by U.S. state and local governments. This metric is a key indicator of consumer demand and economic activity within a region.
Methodology
The data is compiled by the U.S. Census Bureau from state and local government tax revenue reports.
Historical Context
This series is widely used by economists, policymakers, and market analysts to assess consumer trends and state fiscal conditions.
Key Facts
- Sales and gross receipts taxes account for over 30% of U.S. state and local tax revenue.
- This series covers 4 consecutive quarters of data, providing a timely view of tax revenue trends.
- Sales tax collections are closely tied to consumer spending and economic growth.
FAQs
Q: What does this economic trend measure?
A: This series tracks the total sales and gross receipts tax revenue collected by state and local governments in the United States over a 4-quarter period.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into consumer spending patterns and the fiscal health of state and local governments, which are crucial for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is compiled by the U.S. Census Bureau from reports of state and local government tax revenue.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and market analysts use this series to assess consumer demand, state fiscal conditions, and the overall health of the economy.
Q: Are there update delays or limitations?
A: This series is published quarterly, with a slight delay to allow for the collection and compilation of state and local tax revenue data.
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Citation
U.S. Federal Reserve, National Totals of State and Local Tax Revenue: T09 General Sales and Gross Receipts Taxes, 4 Quarters Ending for the United States (QTAXT094QEQTAXCAT1USYES), retrieved from FRED.