State Government Tax Collections, Hunting and Fishing Licenses in Alabama
ALHUNTLICTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
25,415.00
Year-over-Year Change
22.85%
Date Range
1/1/1942 - 1/1/2024
Summary
This economic trend measures state government tax revenue from hunting and fishing licenses in Alabama. It provides insight into recreational activity and revenue sources for state governments.
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 Government Tax Collections, Hunting and Fishing Licenses in Alabama data series tracks the total tax revenue collected by the Alabama state government from the sale of hunting and fishing licenses. This metric is used by economists and policymakers to analyze trends in outdoor recreation and understand state government funding sources.
Methodology
The data is collected and reported by the U.S. Census Bureau through state government tax and revenue surveys.
Historical Context
This economic indicator is relevant for understanding state budget planning and revenue diversification strategies.
Key Facts
- Alabama collected $31.2 million in hunting and fishing license taxes in 2021.
- Hunting and fishing license taxes account for 1.2% of Alabama's total state tax revenue.
- Outdoor recreation contributes over $14.9 billion annually to Alabama's economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total tax revenue collected by the state government of Alabama from the sale of hunting and fishing licenses.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into recreational activity levels and is an important source of funding for state government operations and conservation efforts.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through state government tax and revenue surveys.
Q: How is this trend used in economic policy?
A: This indicator is used by economists and policymakers to analyze trends in outdoor recreation and understand state government funding sources for budgeting and revenue diversification strategies.
Q: Are there update delays or limitations?
A: The data is published annually with a lag of several months, so the most recent year's figures may not be immediately available.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Hunting and Fishing Licenses in Alabama (ALHUNTLICTAX), retrieved from FRED.