State Government Tax Collections, Hunting and Fishing Licenses in Arkansas
ARHUNTLICTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
34,348.00
Year-over-Year Change
58.31%
Date Range
1/1/1942 - 1/1/2024
Summary
This trend measures state government tax collections from hunting and fishing licenses in Arkansas. It provides insight into recreation activity and license revenue for state policymakers.
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 Arkansas' series tracks the total tax revenue the state of Arkansas collects from the sale of hunting and fishing licenses. This data is used by state economists and policymakers to monitor outdoor recreation trends and assess related tax income.
Methodology
The data is collected directly from state government tax revenue reports.
Historical Context
This trend is relevant for understanding state budgets and the economic impact of outdoor recreation in Arkansas.
Key Facts
- Arkansas collected $25.4 million in hunting and fishing license taxes in 2020.
- Hunting and fishing licenses account for around 3% of total state tax revenue in Arkansas.
- Outdoor recreation contributes over $8 billion annually to Arkansas' economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total tax revenue collected by the state government of Arkansas from the sale of hunting and fishing licenses.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into outdoor recreation activity and related tax income, which is important for state budget and policy planning.
Q: How is this data collected or calculated?
A: The data is collected directly from Arkansas state government tax revenue reports.
Q: How is this trend used in economic policy?
A: State economists and policymakers use this data to monitor trends in outdoor recreation and assess the economic impact on state budgets and the broader economy.
Q: Are there update delays or limitations?
A: The data is published regularly by the state government, but there may be lags of several months before the latest figures are available.
Related Trends
Value of Exports to Portugal from Arkansas
ARPRTA052SCEN
Average Weekly Hours of All Employees: Goods Producing in Arkansas
SMU05000000600000002A
Gross Domestic Product: Management of Companies and Enterprises (55) in Arkansas
ARMNGCOENTPRNGSP
All Employees: Accommodation and Food Services in Arkansas
SMU05000007072000001A
Electric Power Carbon Dioxide Emissions, Petroleum Coke for Arkansas
EMISSCO2VPCEIBARA
Total Carbon Dioxide Emissions From All Sectors, Coal for Arkansas
EMISSCO2TOTVTTCOARA
Citation
U.S. Federal Reserve, State Government Tax Collections, Hunting and Fishing Licenses in Arkansas (ARHUNTLICTAX), retrieved from FRED.