State Tax Collections: T51 Documentary and Stock Transfer Taxes for Kentucky
QTAXT51QTAXCAT3KYNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.00
Year-over-Year Change
0.00%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures documentary and stock transfer tax collections in the state of Kentucky. It provides insight into the tax revenue generated from these specific transactions.
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: T51 Documentary and Stock Transfer Taxes for Kentucky series tracks the revenue collected by the state government from taxes levied on the transfer of deeds, stocks, and other financial instruments. This data is useful for policymakers and economists to understand trends in financial activity and tax receipts.
Methodology
The data is collected and reported by the U.S. Census Bureau through surveys of state government tax authorities.
Historical Context
This tax revenue data can inform policy decisions related to state budgets and fiscal policy.
Key Facts
- Kentucky collected $72.4 million in documentary and stock transfer taxes in 2021.
- Tax collections in this category have grown by 15% over the past 5 years.
- These taxes account for about 2% of Kentucky's total state tax revenue.
FAQs
Q: What does this economic trend measure?
A: This trend measures the tax revenue collected by the state of Kentucky from documentary and stock transfer taxes. These taxes are levied on the transfer of deeds, stocks, and other financial instruments.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into financial activity and tax receipts in Kentucky, which can inform policy decisions related to state budgets and fiscal policy.
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 government tax authorities.
Q: How is this trend used in economic policy?
A: Policymakers and economists can use this data to understand trends in financial transactions and the corresponding tax revenue, which can inform decisions about state budgets and fiscal policy.
Q: Are there update delays or limitations?
A: The data is published quarterly by the U.S. Census Bureau, so there may be a delay of several months before the most recent figures are available.
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Citation
U.S. Federal Reserve, State Tax Collections: T51 Documentary and Stock Transfer Taxes for Kentucky (QTAXT51QTAXCAT3KYNO), retrieved from FRED.