State Tax Collections: T12 Insurance Premiums Sales Tax for Missouri
QTAXT12QTAXCAT3MONO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
139.00
Year-over-Year Change
25.23%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures insurance premiums sales tax collections in the state of Missouri. It provides insights into consumer spending patterns and tax revenue generation.
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 Missouri series tracks the revenue collected by the state government from the sales tax on insurance premiums. This data is used by policymakers and analysts to monitor economic activity and assess the fiscal health of the state.
Methodology
The data is collected and reported by the Missouri Department of Revenue.
Historical Context
This trend is relevant for understanding state-level tax policies and their impact on consumer and business behavior.
Key Facts
- Missouri's insurance premiums sales tax rate is 2.5%.
- Tax collections from this source account for approximately 5% of the state's total tax revenue.
- Trends in this data can indicate changes in consumer insurance purchasing patterns.
FAQs
Q: What does this economic trend measure?
A: This trend measures the revenue collected by the state of Missouri from the sales tax on insurance premiums.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into consumer spending patterns and helps policymakers assess the fiscal health of the state.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Missouri Department of Revenue.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and analysts to monitor state-level tax policies and their impact on consumer and business behavior.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis, with a typical delay of 2-3 months.
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Citation
U.S. Federal Reserve, State Tax Collections: T12 Insurance Premiums Sales Tax for Missouri (QTAXT12QTAXCAT3MONO), retrieved from FRED.