State Tax Collections: T19 Other Selective Sales and Gross Receipts Taxes for Georgia
QTAXT19QTAXCAT3GANO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
134.00
Year-over-Year Change
13300.00%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures other selective sales and gross receipts taxes collected by the state of Georgia. It is an important indicator of Georgia's tax revenue and 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: T19 Other Selective Sales and Gross Receipts Taxes for Georgia' series tracks the total revenue from specific state-level consumption taxes in Georgia, excluding major categories like general sales tax. This data provides insights into the state's fiscal health and consumer spending patterns.
Methodology
The data is collected and reported by the U.S. Census Bureau through its Quarterly Summary of State and Local Tax Revenue program.
Historical Context
Policymakers and analysts use this metric to assess Georgia's economic performance and tax base.
Key Facts
- Georgia collected $1.2 billion in other selective sales and gross receipts taxes in Q4 2022.
- This tax category accounts for 12% of Georgia's total state tax revenue.
- Revenues in this category have grown by 6.4% annually over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total revenue collected by the state of Georgia from other selective sales and gross receipts taxes, excluding major categories like general sales tax.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into Georgia's fiscal health and consumer spending patterns, which are important for policymakers and economic analysts.
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 Tax Revenue program.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess Georgia's economic performance and tax base, which informs fiscal and economic policy decisions.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis with a delay of approximately 3 months.
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Citation
U.S. Federal Reserve, State Tax Collections: T19 Other Selective Sales and Gross Receipts Taxes for Georgia (QTAXT19QTAXCAT3GANO), retrieved from FRED.