State Tax Collections: T19 Other Selective Sales and Gross Receipts Taxes for North Carolina
QTAXT19QTAXCAT3NCNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
343.00
Year-over-Year Change
15.49%
Date Range
1/1/1994 - 1/1/2025
Summary
This trend measures other selective sales and gross receipts taxes collected by the state of North Carolina. It provides insights into the tax revenue streams that contribute to the state's fiscal health.
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 North Carolina' metric tracks a specific category of tax revenue for the state. It offers a detailed view of North Carolina's tax base and can inform economic analysis and policymaking.
Methodology
The data is collected directly from state tax revenue records.
Historical Context
This metric is used by economists, policymakers, and analysts to assess North Carolina's fiscal position and economic conditions.
Key Facts
- North Carolina's other selective sales and gross receipts taxes account for a significant portion of its total tax revenue.
- This tax category includes levies on items like alcohol, tobacco, and specific services.
- Trends in this metric can signal changes in consumer behavior and economic activity within the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the revenue collected by the state of North Carolina from other selective sales and gross receipts taxes, which include taxes on items like alcohol, tobacco, and specific services.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into an important component of North Carolina's tax base, which can inform economic analysis and policymaking decisions at the state level.
Q: How is this data collected or calculated?
A: The data is collected directly from state tax revenue records.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and analysts use this metric to assess North Carolina's fiscal position and overall economic conditions.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Federal Reserve, but there may be occasional delays in reporting due to the nature of state-level tax revenue collection.
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Citation
U.S. Federal Reserve, State Tax Collections: T19 Other Selective Sales and Gross Receipts Taxes for North Carolina (QTAXT19QTAXCAT3NCNO), retrieved from FRED.