State Tax Collections: T12 Insurance Premiums Sales Tax for Mississippi
QTAXT12QTAXCAT3MSNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
104.00
Year-over-Year Change
55.22%
Date Range
1/1/1994 - 1/1/2025
Summary
The 'State Tax Collections: T12 Insurance Premiums Sales Tax for Mississippi' series measures tax revenue collected by the state of Mississippi from taxes on insurance premiums. This data is an important indicator of economic activity and tax policy 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: T12 Insurance Premiums Sales Tax for Mississippi' series tracks the revenue collected by the state of Mississippi from taxes levied on insurance premiums. This data provides insight into the insurance industry and consumer spending trends within the state.
Methodology
The data is collected and published by the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.
Historical Context
Policymakers and analysts use this data to assess Mississippi's fiscal health and the insurance sector's performance.
Key Facts
- Mississippi levies a sales tax on insurance premiums.
- Tax revenue from insurance premiums is an important revenue source for the state.
- The insurance industry is a significant sector of Mississippi's economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the tax revenue collected by the state of Mississippi from taxes levied on insurance premiums.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the performance of Mississippi's insurance industry and the state's fiscal health.
Q: How is this data collected or calculated?
A: The data is collected and published by the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to assess Mississippi's fiscal health and the insurance sector's performance.
Q: Are there update delays or limitations?
A: The data is published quarterly, so there may be a short delay in availability.
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Citation
U.S. Federal Reserve, State Tax Collections: T12 Insurance Premiums Sales Tax for Mississippi (QTAXT12QTAXCAT3MSNO), retrieved from FRED.