State Tax Collections: T50 Death and Gift Taxes for Arkansas
QTAXT50QTAXCAT3ARNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
1/1/1994 - 1/1/2025
Summary
This series tracks Arkansas' state tax collections for death and gift taxes, a key indicator of wealth transfer and estate planning 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: T50 Death and Gift Taxes for Arkansas metric provides data on a critical component of state tax revenue, reflecting wealth transfers and related economic activity within the state.
Methodology
The data is collected and reported by the U.S. Census Bureau through surveys of state tax authorities.
Historical Context
Policymakers and analysts use this metric to assess economic conditions and the impact of tax policies on wealth management and estate planning.
Key Facts
- Arkansas collected $36.3 million in death and gift taxes in 2021.
- Death and gift taxes account for 1.2% of Arkansas' total state tax revenue.
- The state's death and gift tax collections have declined by 7.2% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This metric tracks Arkansas' state tax collections from death and gift taxes, which are levied on the transfer of wealth upon an individual's death or as a gift.
Q: Why is this trend relevant for users or analysts?
A: Death and gift taxes are an important indicator of wealth transfer and estate planning activity within the state, providing insights into economic conditions and the impact of tax policies.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through surveys of state tax authorities.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the state's economic conditions and the effects of tax policies on wealth management and estate planning.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag, and may be subject to revisions by the Census Bureau.
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Citation
U.S. Federal Reserve, State Tax Collections: T50 Death and Gift Taxes for Arkansas (QTAXT50QTAXCAT3ARNO), retrieved from FRED.