State Tax Collections: T09 General Sales and Gross Receipts Taxes for Mississippi
QTAXT09QTAXCAT3MSNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,282.00
Year-over-Year Change
9.39%
Date Range
1/1/1994 - 1/1/2025
Summary
This trend measures general sales and gross receipts tax collections in the state of Mississippi. It provides key insights into 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 Mississippi metric tracks the total revenue collected by the state government from general sales and gross receipts taxes. This is an important indicator of consumer demand and overall economic conditions in Mississippi.
Methodology
The data is collected and published by the U.S. Census Bureau as part of its Quarterly Summary of State and Local Government Tax Revenue program.
Historical Context
Policymakers and analysts use this data to assess the fiscal health of the state and monitor the impacts of economic policies on consumer behavior.
Key Facts
- Mississippi has a statewide sales tax rate of 7%.
- General sales and gross receipts taxes account for over 50% of Mississippi's total state tax revenue.
- This data is released quarterly by the U.S. Census Bureau.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total amount of general sales and gross receipts taxes collected by the state government of Mississippi.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into consumer spending and economic activity within the state, which is crucial for policymakers and analysts assessing the fiscal health and economic conditions in Mississippi.
Q: How is this data collected or calculated?
A: The data is collected and published by the U.S. Census Bureau as part of its Quarterly Summary of State and Local Government Tax Revenue program.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to monitor the impacts of economic policies on consumer behavior and the overall fiscal health of the state.
Q: Are there update delays or limitations?
A: This data is released quarterly by the U.S. Census Bureau, so there may be a several-month delay between the end of the reference period and the data publication.
Related Trends
Total Tax Exemptions Under Age 65 for Montana
LT65EXMMT30A647NCEN
State Tax Collections: T14 Pari-Mutuels Sales Tax for Connecticut
QTAXT14QTAXCAT3CTNO
Poverty Tax Exemptions Under Age 65 for New Hampshire
PLT65EXMNH33A647NCEN
State Tax Collections: T10 Alcoholic Beverages Sales Tax for Kansas
QTAXT10QTAXCAT3KSNO
State Tax Collections: T20 Alcoholic Beverages License for Indiana
QTAXT20QTAXCAT3INNO
Individual Income Tax Filing: Refundable American Opportunity Credit Used to Offset Income Tax Before Credits
RFAOCTOITBC
Citation
U.S. Census Bureau, State Tax Collections: T09 General Sales and Gross Receipts Taxes for Mississippi (QTAXT09QTAXCAT3MSNO), retrieved from FRED.