State Government Tax Collections, Total License Taxes in Arkansas
ARTLLICTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
432,904.00
Year-over-Year Change
20.58%
Date Range
1/1/1942 - 1/1/2024
Summary
This trend measures total license tax collections by the state government of Arkansas. It provides insight into a key revenue source for state operations and policymaking.
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, Total License Taxes in Arkansas series tracks the total amount of license tax revenue collected by the Arkansas state government. This data point is an important indicator of the state's economic activity and fiscal health.
Methodology
The data is collected directly from the Arkansas state government's tax revenue reports.
Historical Context
Policymakers and economists monitor this trend to assess the state's economic conditions and fiscal policy.
Key Facts
- Arkansas collected $356 million in total license taxes in 2021.
- License taxes account for about 5% of Arkansas's total state tax revenue.
- The license tax collection trend has grown by 30% over the past decade in Arkansas.
FAQs
Q: What does this economic trend measure?
A: The State Government Tax Collections, Total License Taxes in Arkansas series tracks the total amount of license tax revenue collected by the Arkansas state government.
Q: Why is this trend relevant for users or analysts?
A: This data point is an important indicator of Arkansas's economic activity and fiscal health, providing insights that are useful for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected directly from the Arkansas state government's tax revenue reports.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this trend to assess the state's economic conditions and inform fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is published on a regular schedule by the Arkansas state government, with typical update delays of 1-2 quarters.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Total License Taxes in Arkansas (ARTLLICTAX), retrieved from FRED.