State Tax Collections: T99 Taxes, Not Elsewhere Classified for New Mexico
QTAXT99QTAXCAT3NMNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
21.00
Year-over-Year Change
600.00%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures state tax collections for the 'Not Elsewhere Classified' tax category in New Mexico. It provides insights into the state's overall fiscal health and tax revenue composition.
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 'Not Elsewhere Classified' tax category captures a range of state taxes that do not fit into other established tax classifications. Analyzing this metric can help economists and policymakers understand the diversification and structure of a state's tax system.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state government finances.
Historical Context
This trend is used to evaluate New Mexico's fiscal policies and economic conditions.
Key Facts
- New Mexico's 'Not Elsewhere Classified' tax collections totaled $X.XX billion in 20XX.
- This tax category accounts for Y% of New Mexico's total state tax revenue.
- Tax collections in this category have increased/decreased by Z% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures state tax collections for the 'Not Elsewhere Classified' tax category in New Mexico, which captures a range of state taxes that do not fit into other established tax classifications.
Q: Why is this trend relevant for users or analysts?
A: Analyzing this metric can provide insights into the diversification and structure of New Mexico's tax system, which is relevant for evaluating the state's fiscal policies and economic conditions.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of state government finances.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to evaluate New Mexico's fiscal policies and economic conditions.
Q: Are there update delays or limitations?
A: The data may be subject to periodic updates and revisions by the Census Bureau, and there may be a lag in the availability of the most recent figures.
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Citation
U.S. Federal Reserve, State Tax Collections: T99 Taxes, Not Elsewhere Classified for New Mexico (QTAXT99QTAXCAT3NMNO), retrieved from FRED.