State Tax Collections: T09 General Sales and Gross Receipts Taxes for Missouri
QTAXT09QTAXCAT3MONO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,323.00
Year-over-Year Change
40.15%
Date Range
1/1/1994 - 1/1/2025
Summary
The 'State Tax Collections: T09 General Sales and Gross Receipts Taxes for Missouri' trend measures the total sales and gross receipts tax revenue collected by the state government of Missouri. This metric is important for analyzing state fiscal conditions and revenue sources.
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
This economic trend represents the revenue generated from Missouri's general sales and gross receipts taxes, a key component of the state's overall tax collections. Analysts and policymakers use this data to understand Missouri's tax base, consumer spending patterns, and the fiscal health of the state government.
Methodology
The data is collected directly from the Missouri Department of Revenue and other state agencies.
Historical Context
Trends in state tax collections provide insight into economic activity, consumer behavior, and the policy environment.
Key Facts
- Missouri's sales tax rate is 4.225%.
- General sales and gross receipts taxes account for over 50% of Missouri's total tax revenue.
- Sales tax collections have grown by an average of 3% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total revenue collected by the state of Missouri from general sales and gross receipts taxes.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into Missouri's economic conditions, consumer spending patterns, and the fiscal health of the state government.
Q: How is this data collected or calculated?
A: The data is collected directly from the Missouri Department of Revenue and other state agencies.
Q: How is this trend used in economic policy?
A: Trends in state tax collections inform decisions around budgeting, taxation, and economic development policies at the state level.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 month lag by the Federal Reserve.
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Citation
U.S. Federal Reserve, State Tax Collections: T09 General Sales and Gross Receipts Taxes for Missouri (QTAXT09QTAXCAT3MONO), retrieved from FRED.