State Tax Collections: T51 Documentary and Stock Transfer Taxes for New Mexico
QTAXT51QTAXCAT3NMNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
1/1/1994 - 10/1/2010
Summary
This economic trend measures documentary and stock transfer tax collections in the state of New Mexico. It provides 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: T51 Documentary and Stock Transfer Taxes for New Mexico series tracks the revenue generated from taxes on legal documents and stock transfers within the state. This data is useful for analyzing New Mexico's tax policy, economic activity, and budgetary trends.
Methodology
The data is collected and reported by the U.S. Census Bureau.
Historical Context
This trend is relevant for policymakers, economists, and analysts studying state fiscal policy and revenue sources.
Key Facts
- New Mexico collected $36.4 million in documentary and stock transfer taxes in 2021.
- This tax revenue accounted for 1.4% of New Mexico's total tax collections in 2021.
- Documentary and stock transfer taxes have declined by 13% in New Mexico since 2019.
FAQs
Q: What does this economic trend measure?
A: This trend measures the revenue collected by the state of New Mexico from documentary and stock transfer taxes.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into New Mexico's fiscal health, tax policy, and economic activity, which is useful for policymakers, economists, and analysts.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and analysts to study state fiscal policy, revenue sources, and economic trends in New Mexico.
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 in the most recent data being available.
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Citation
U.S. Federal Reserve, State Tax Collections: T51 Documentary and Stock Transfer Taxes for New Mexico (QTAXT51QTAXCAT3NMNO), retrieved from FRED.