State Tax Collections: T12 Insurance Premiums Sales Tax for Kansas
QTAXT12QTAXCAT3KSNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
206.00
Year-over-Year Change
12.57%
Date Range
1/1/1994 - 1/1/2025
Summary
This series measures the quarterly tax collections from insurance premiums sales tax in the state of Kansas. It provides insights into the state's revenue from this key economic activity.
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: T12 Insurance Premiums Sales Tax for Kansas series tracks the quarterly revenue the state of Kansas collects from the sales tax on insurance premiums. This metric offers visibility into the health of Kansas's insurance industry and is used by policymakers and analysts to assess the state's fiscal position.
Methodology
The data is collected and reported by the U.S. Census Bureau through its Quarterly Summary of State and Local Government Tax Revenue program.
Historical Context
Trends in insurance premiums sales tax collections are closely monitored by state governments, industry groups, and economic researchers to understand market conditions and the impact on public finances.
Key Facts
- Kansas collects insurance premiums sales tax quarterly.
- This tax represents a significant revenue source for the state.
- The insurance industry is a key part of the Kansas economy.
FAQs
Q: What does this economic trend measure?
A: This series measures the quarterly tax revenue the state of Kansas collects from the sales tax on insurance premiums.
Q: Why is this trend relevant for users or analysts?
A: Trends in insurance premiums sales tax collections provide insights into the health of Kansas's insurance industry and are used to assess the state's fiscal position.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through its Quarterly Summary of State and Local Government Tax Revenue program.
Q: How is this trend used in economic policy?
A: State governments, industry groups, and economic researchers closely monitor this metric to understand market conditions and the impact on public finances.
Q: Are there update delays or limitations?
A: The data is published quarterly with a short delay by the U.S. Census Bureau.
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Citation
U.S. Federal Reserve, State Tax Collections: T12 Insurance Premiums Sales Tax for Kansas (QTAXT12QTAXCAT3KSNO), retrieved from FRED.