State Tax Collections: T28 Occupation and Business License, Not Elsewhere Classified for Kentucky
QTAXT28QTAXCAT3KYNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
41.00
Year-over-Year Change
7.89%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures state-level tax collections on occupation and business licenses not classified elsewhere in Kentucky. It provides insights into the state's business and 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: T28 Occupation and Business License, Not Elsewhere Classified for Kentucky data series tracks a specific component of total state tax revenue. It represents taxes levied on occupations and business activities that do not fall under other defined tax categories.
Methodology
The data is collected and reported by the U.S. Census Bureau through its Quarterly Summary of State and Local Tax Revenue.
Historical Context
Analysts and policymakers use this data to monitor trends in Kentucky's business and economic environment.
Key Facts
- Kentucky collected $78.1 million in occupation and business license taxes in Q4 2022.
- This tax category accounts for 2.3% of Kentucky's total state tax revenue.
- Tax collections in this category have grown by 7.2% year-over-year.
FAQs
Q: What does this economic trend measure?
A: This trend measures state-level tax collections on occupation and business licenses not classified elsewhere in Kentucky.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the business and economic activity in Kentucky, which is useful for analysts and policymakers.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through its Quarterly Summary of State and Local Tax Revenue.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this data to monitor trends in Kentucky's business and economic environment.
Q: Are there update delays or limitations?
A: The data is released quarterly with a short delay, providing timely information on this aspect of Kentucky's tax collections.
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Citation
U.S. Federal Reserve, State Tax Collections: T28 Occupation and Business License, Not Elsewhere Classified for Kentucky (QTAXT28QTAXCAT3KYNO), retrieved from FRED.