State Tax Collections: T09 General Sales and Gross Receipts Taxes for Texas
QTAXT09QTAXCAT3TXNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12,156.00
Year-over-Year Change
14.70%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures general sales and gross receipts tax collections in the state of Texas. It provides insight 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 Texas metric tracks the total revenues generated from sales and gross receipts taxes levied by the Texas state government. This is a key indicator of consumer and business activity in the state.
Methodology
The data is collected by the U.S. Census Bureau through state and local government tax surveys.
Historical Context
Analysts and policymakers use this data to assess the health of the Texas economy and make informed decisions.
Key Facts
- Texas has no state personal income tax.
- Sales tax accounts for over half of Texas's state tax revenue.
- Texas is one of a few U.S. states with no general state-level property tax.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total revenues generated from general sales and gross receipts taxes levied by the state government of Texas.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into consumer spending and overall economic activity in the state of Texas, which is an important data point for analysts and policymakers.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through state and local government tax surveys.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this data to assess the health of the Texas economy and make informed decisions about fiscal policy and economic development.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag, so there may be a delay in reflecting the most recent economic conditions.
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Citation
U.S. Federal Reserve, State Tax Collections: T09 General Sales and Gross Receipts Taxes for Texas (QTAXT09QTAXCAT3TXNO), retrieved from FRED.