State Tax Collections: T53 Severance Taxes for Missouri
QTAXT53QTAXCAT3MONO • 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
The 'State Tax Collections: T53 Severance Taxes for Missouri' trend measures the revenue generated by Missouri's taxation of natural resource extraction, providing insight into the state's economic conditions and fiscal policies.
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
This data series tracks the quarterly severance tax collections in Missouri, which are taxes levied on the extraction of natural resources like oil, gas, and minerals. Severance tax revenue is an important indicator of the state's resource production activity and can inform policy decisions around taxation, budgeting, and economic development.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state tax authorities.
Historical Context
Severance tax data is widely used by policymakers, economists, and investors to analyze Missouri's fiscal health and energy sector performance.
Key Facts
- Missouri is a major producer of natural gas, crude oil, and coal.
- Severance taxes account for around 3-5% of Missouri's total tax revenue.
- The data is released quarterly with a 3-month lag.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarterly revenue collected by the state of Missouri through severance taxes, which are taxes levied on the extraction of natural resources like oil, gas, and minerals.
Q: Why is this trend relevant for users or analysts?
A: Severance tax data provides insights into Missouri's energy production activity and fiscal health, making it a valuable indicator for policymakers, economists, and investors.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of Missouri's state tax authorities.
Q: How is this trend used in economic policy?
A: Severance tax data is used by Missouri policymakers to inform decisions around taxation, budgeting, and economic development related to the state's natural resource industries.
Q: Are there update delays or limitations?
A: The data is released quarterly with a 3-month lag, and may be subject to revisions by the collecting agencies.
Related Trends
National Totals of State and Local Tax Revenue: T13 Motor Fuels Sales Tax, 4 Quarters Ending for the United States
QTAXT134QEQTAXCAT1USNO
State Tax Collections: T10 Alcoholic Beverages Sales Tax for Nevada
QTAXT10QTAXCAT3NVNO
Individual Income Tax Filing: Itemized Deductions: Interest Paid
IMZDIP
State Tax Collections: T20 Alcoholic Beverages License for Massachusetts
QTAXT20QTAXCAT3MANO
Child Tax Exemptions for Washington
CHEXMWA53A647NCEN
State Tax Collections: T01 Property Taxes for Nevada
QTAXT01QTAXCAT3NVNO
Citation
U.S. Federal Reserve, State Tax Collections: T53 Severance Taxes for Missouri (QTAXT53QTAXCAT3MONO), retrieved from FRED.