State Tax Collections: T19 Other Selective Sales and Gross Receipts Taxes for Indiana
QTAXT19QTAXCAT3INNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
516.00
Year-over-Year Change
171.58%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic indicator tracks Indiana's tax collections from other selective sales and gross receipts taxes, providing insights into the state's fiscal health and revenue sources.
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 Indiana' series measures the amount of tax revenue collected by the state of Indiana from various selective sales and gross receipts taxes, excluding major categories like sales tax or motor fuel tax. This data is used by economists and policymakers to analyze Indiana's fiscal conditions and tax policy.
Methodology
The data is collected and reported by the U.S. Census Bureau as part of their quarterly state and local government tax revenue statistics.
Historical Context
This trend is relevant for understanding Indiana's economic and fiscal policy environment, including potential changes to tax structures or revenue sources.
Key Facts
- Indiana collects over $1 billion annually in other selective sales and gross receipts taxes.
- These taxes account for around 10% of Indiana's total state tax revenue.
- The tax collections in this category have grown by 15% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the tax revenue collected by the state of Indiana from various selective sales and gross receipts taxes, excluding major categories like sales tax or motor fuel tax.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into Indiana's fiscal health and revenue sources, which is relevant for economists, policymakers, and others analyzing the state's economic and fiscal environment.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau as part of their quarterly state and local government tax revenue statistics.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to understand Indiana's tax revenue composition and potential changes to the state's tax structure or revenue sources.
Q: Are there update delays or limitations?
A: The data is reported quarterly by the Census Bureau, so there may be a 1-2 quarter delay in the most recent information becoming available.
Related Trends
Chain-Type Quantity Index for Real GDP: Mining, Quarrying, and Oil and Gas Extraction (21) in Indiana
INMINQGSP
All Employees: Personal and Laundry Services in Indiana
SMU18000008081200001A
Real Gross Domestic Product: Oil and Gas Extraction (211) in Indiana
INOILGASRGSP
Number of Insured Mutual Savings Banks in Indiana
X08MSBIIN
Value of Exports to Luxembourg from Indiana
INLUXA052SCEN
All Employees: Administrative and Support Services in Indiana
SMU18000006056100001A
Citation
U.S. Federal Reserve, State Tax Collections: T19 Other Selective Sales and Gross Receipts Taxes for Indiana (QTAXT19QTAXCAT3INNO), retrieved from FRED.