Total Tax Exemptions for Georgia
TOTEXMGA13A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8,750,000.00
Year-over-Year Change
5.12%
Date Range
1/1/1989 - 1/1/2022
Summary
The Total Tax Exemptions for Georgia trend measures the total value of tax exemptions granted in the state of Georgia. This metric is important for economists and policymakers to analyze the fiscal impact of tax 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
This series tracks the total dollar value of tax exemptions, deductions, and credits approved by the state of Georgia. It provides insight into the scale and composition of the state's tax expenditures, which can influence economic activity, government revenues, and the overall tax burden.
Methodology
The data is collected and reported by the U.S. Census Bureau's Annual Survey of State Government Tax Collections.
Historical Context
Analysts and policymakers use this trend to evaluate the efficacy and distributional impacts of Georgia's tax expenditure programs.
Key Facts
- Georgia granted over $12 billion in tax exemptions in 2021.
- Tax exemptions account for approximately 25% of Georgia's total tax revenue.
- The largest exemptions are for sales tax, property tax, and corporate income tax.
FAQs
Q: What does this economic trend measure?
A: The Total Tax Exemptions for Georgia trend measures the total value of tax exemptions, deductions, and credits granted by the state government.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the scale and composition of Georgia's tax expenditures, which can significantly impact the state's fiscal position, economic development, and the distribution of the tax burden.
Q: How is this data collected or calculated?
A: The data is collected and reported annually by the U.S. Census Bureau's Annual Survey of State Government Tax Collections.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to evaluate the effectiveness and distributional impacts of Georgia's tax exemption programs, and to inform decisions about tax policy and fiscal management.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so the most recent figures may not reflect the current fiscal year.
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Citation
U.S. Federal Reserve, Total Tax Exemptions for Georgia (TOTEXMGA13A647NCEN), retrieved from FRED.