State Tax Collections: T09 General Sales and Gross Receipts Taxes for Nebraska
QTAXT09QTAXCAT3NENO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
736.00
Year-over-Year Change
17.76%
Date Range
1/1/1994 - 1/1/2025
Summary
This trend measures general sales and gross receipts tax collections for the state of Nebraska. It provides insights into consumer spending and economic activity within 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 Nebraska metric tracks the total amount of sales and gross receipts taxes collected by the Nebraska state government. This data point is a key indicator of consumer demand and overall economic health within the state.
Methodology
The data is collected and reported by the U.S. Census Bureau through surveys of state and local government tax authorities.
Historical Context
Policymakers and analysts use this trend to gauge the strength of Nebraska's economy and inform fiscal policy decisions.
Key Facts
- Nebraska's sales tax rate is 5.5%.
- Sales tax accounts for over 30% of Nebraska's total state tax revenue.
- General sales and gross receipts taxes make up the largest source of state tax collections in Nebraska.
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 Nebraska.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into consumer spending and economic activity within Nebraska, which is important for policymakers and analysts to gauge the state's fiscal health and economic performance.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through surveys of state and local government tax authorities.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to inform fiscal policy decisions and evaluate the strength of Nebraska's economy.
Q: Are there update delays or limitations?
A: The data is typically released on a quarterly basis with a short delay, providing timely information on Nebraska's tax collections.
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Citation
U.S. Federal Reserve, State Tax Collections: T09 General Sales and Gross Receipts Taxes for Nebraska (QTAXT09QTAXCAT3NENO), retrieved from FRED.