State Tax Collections: T51 Documentary and Stock Transfer Taxes for Pennsylvania
QTAXT51QTAXCAT3PANO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
164.00
Year-over-Year Change
-37.88%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures documentary and stock transfer taxes collected by the state of Pennsylvania. It provides insights into tax revenue sources and broader economic 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: T51 Documentary and Stock Transfer Taxes for Pennsylvania series tracks tax revenue generated from specific transaction types within the state. This data is useful for analyzing Pennsylvania's fiscal health and economic trends.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state tax authorities.
Historical Context
This metric informs policymakers and economists about Pennsylvania's tax base and economic conditions.
Key Facts
- Pennsylvania collected over $1 billion in documentary and stock transfer taxes in 2021.
- Documentary taxes account for approximately 75% of this tax revenue stream.
- Tax collections in this category have grown by 25% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the documentary and stock transfer taxes collected by the state of Pennsylvania. It provides insights into specific revenue sources and broader economic activity within the state.
Q: Why is this trend relevant for users or analysts?
A: This metric is relevant for policymakers, economists, and analysts seeking to understand Pennsylvania's fiscal health and economic conditions. It offers insights into tax revenue sources and trends in business transactions.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of state tax authorities.
Q: How is this trend used in economic policy?
A: This trend informs policymakers and economists about Pennsylvania's tax base and broader economic activity. It can be used to assess the state's fiscal position and guide policy decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months. There may also be revisions to prior-period figures as state tax authorities provide updated information.
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Citation
U.S. Federal Reserve, State Tax Collections: T51 Documentary and Stock Transfer Taxes for Pennsylvania (QTAXT51QTAXCAT3PANO), retrieved from FRED.