State Tax Collections: T53 Severance Taxes for Georgia
QTAXT53QTAXCAT3GANO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
1/1/1994 - 10/1/2013
Summary
This economic trend measures severance tax collections, a key revenue source for the state of Georgia. It provides insights into the health of Georgia's natural resource extraction industries and can inform state fiscal policy decisions.
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
Severance taxes are state-level taxes imposed on the extraction or harvesting of natural resources, such as oil, gas, coal, and timber. The data represented by this series tracks the total quarterly severance tax collections for the state of Georgia, offering a view into the economic activity and fiscal impacts of these industries.
Methodology
The data is collected and reported by the U.S. Census Bureau as part of their Quarterly Summary of State and Local Taxes.
Historical Context
Severance tax revenue is an important consideration for state policymakers as they manage budgets and economic development strategies.
Key Facts
- Georgia levies severance taxes on the extraction of natural resources.
- Severance tax collections provide a significant revenue stream for the state.
- The data is reported quarterly by the U.S. Census Bureau.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total quarterly severance tax collections for the state of Georgia. Severance taxes are levied on the extraction or harvesting of natural resources.
Q: Why is this trend relevant for users or analysts?
A: Severance tax revenue is an important consideration for state policymakers as they manage budgets and economic development strategies. This data provides insights into the health of Georgia's natural resource extraction industries.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau as part of their Quarterly Summary of State and Local Taxes.
Q: How is this trend used in economic policy?
A: Severance tax revenue is a key input for state fiscal policy and budgeting decisions. Analysts and policymakers use this data to assess the economic and fiscal impacts of natural resource extraction industries in Georgia.
Q: Are there update delays or limitations?
A: The data is reported quarterly by the U.S. Census Bureau, so there may be a several-month delay between the end of the reporting period and the availability of the latest figures.
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Citation
U.S. Federal Reserve, State Tax Collections: T53 Severance Taxes for Georgia (QTAXT53QTAXCAT3GANO), retrieved from FRED.