State Tax Collections: T09 General Sales and Gross Receipts Taxes for Louisiana
QTAXT09QTAXCAT3LANO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,337.00
Year-over-Year Change
20.56%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures sales and gross receipts tax collections in the state of Louisiana. 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 Louisiana metric tracks the total amount of sales and gross receipts taxes collected by the Louisiana state government. This data is used by economists and policymakers to analyze consumer spending patterns and the overall health of the state's economy.
Methodology
The data is collected directly from the Louisiana state government's tax revenue reporting.
Historical Context
Policymakers and market analysts use this data to assess Louisiana's economic performance and fiscal position.
Key Facts
- Louisiana's sales and gross receipts tax collections totaled $4.1 billion in 2021.
- Sales taxes account for over 50% of Louisiana's state tax revenue.
- The state's sales tax rate is 4.45%, with additional local sales taxes in many jurisdictions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total amount of sales and gross receipts taxes collected by the state government of Louisiana.
Q: Why is this trend relevant for users or analysts?
A: This data is an important indicator of consumer spending and overall economic activity in Louisiana, which is relevant for policymakers, businesses, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected directly from the Louisiana state government's tax revenue reporting.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to assess Louisiana's fiscal position and the health of the state's economy, which informs economic and tax policy decisions.
Q: Are there update delays or limitations?
A: The data is typically updated on a quarterly basis with a short time lag, providing timely information about the state's economic performance.
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Citation
U.S. Federal Reserve, State Tax Collections: T09 General Sales and Gross Receipts Taxes for Louisiana (QTAXT09QTAXCAT3LANO), retrieved from FRED.