State Tax Collections: T09 General Sales and Gross Receipts Taxes for Kentucky
QTAXT09QTAXCAT3KYNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,440.00
Year-over-Year Change
19.21%
Date Range
1/1/1994 - 1/1/2025
Summary
This trend measures general sales and gross receipts tax collections in the state of Kentucky. It is an important indicator of consumer spending and economic activity 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 Tax Collections: T09 General Sales and Gross Receipts Taxes for Kentucky metric tracks the total revenues generated from sales and consumption taxes levied by the Kentucky state government. This data point is widely used by economists and policymakers to analyze consumption patterns and overall economic conditions in the state.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state and local government tax collection agencies.
Historical Context
This metric is frequently referenced by market analysts, government economists, and policymakers when assessing the health of Kentucky's economy.
Key Facts
- Kentucky's general sales tax rate is 6%.
- Sales tax collections account for over 30% of Kentucky's total state tax revenue.
- Tax collections from this source have grown by an average of 4% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total revenues generated from general sales and gross receipts taxes levied by the state government of Kentucky.
Q: Why is this trend relevant for users or analysts?
A: This data point is widely used to analyze consumer spending patterns and overall economic conditions in the state of Kentucky.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of state and local government tax collection agencies.
Q: How is this trend used in economic policy?
A: This metric is frequently referenced by market analysts, government economists, and policymakers when assessing the health of Kentucky's economy.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately 3 months.
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Citation
U.S. Federal Reserve, State Tax Collections: T09 General Sales and Gross Receipts Taxes for Kentucky (QTAXT09QTAXCAT3KYNO), retrieved from FRED.