State Tax Collections: T19 Other Selective Sales and Gross Receipts Taxes for New Hampshire
QTAXT19QTAXCAT3NHNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
93.00
Year-over-Year Change
13.41%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures other selective sales and gross receipts taxes collected by the state government of New Hampshire. It provides insight into a key revenue source for state-level policymakers.
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 'Other Selective Sales and Gross Receipts Taxes' series tracks a specific category of state tax collections in New Hampshire, including taxes on items like motor vehicle rentals, insurance premiums, and other selective transactions. This data is used to analyze the state's fiscal position and tax policy.
Methodology
The data is collected and reported quarterly by the U.S. Census Bureau.
Historical Context
Policymakers and analysts use this data to assess New Hampshire's tax revenue trends and overall economic conditions.
Key Facts
- New Hampshire has no state sales tax.
- Other selective taxes account for over 20% of New Hampshire's state tax revenue.
- Revenues from this tax category have been relatively stable in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures state tax collections in New Hampshire for a specific category of 'other selective sales and gross receipts taxes', which includes taxes on items like motor vehicle rentals, insurance premiums, and other selective transactions.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into an important revenue source for the state government of New Hampshire, which can inform analysis of the state's fiscal position and tax policy.
Q: How is this data collected or calculated?
A: The data is collected and reported quarterly by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to assess New Hampshire's tax revenue trends and overall economic conditions.
Q: Are there update delays or limitations?
A: The data is reported on a quarterly basis, so there may be a several-month delay between the end of a quarter and the release of the latest figures.
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Citation
U.S. Federal Reserve, State Tax Collections: T19 Other Selective Sales and Gross Receipts Taxes for New Hampshire (QTAXT19QTAXCAT3NHNO), retrieved from FRED.