State Government Tax Collections, Occupation and Business Licenses in Arizona
AZBUSLICTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
193,476.00
Year-over-Year Change
50.26%
Date Range
1/1/1951 - 1/1/2024
Summary
The 'State Government Tax Collections, Occupation and Business Licenses in Arizona' metric tracks revenue from license fees and taxes on businesses and occupations in the state of Arizona.
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 economic indicator provides insight into the overall business climate and regulatory environment in Arizona. It is used by policymakers, analysts, and economists to assess the state's economic conditions and tax policies.
Methodology
The data is collected and reported by the U.S. Census Bureau based on state government revenue records.
Historical Context
This metric is relevant for understanding state fiscal policy, business investment trends, and the regulatory burden on enterprises in Arizona.
Key Facts
- Arizona collected $743 million in occupation and business license taxes in 2021.
- This revenue source accounts for about 3% of total state government tax collections in Arizona.
- License fees and taxes on businesses have increased by 23% in Arizona over the past decade.
FAQs
Q: What does this economic trend measure?
A: The 'State Government Tax Collections, Occupation and Business Licenses in Arizona' metric tracks revenue from license fees and taxes on businesses and occupations in the state of Arizona.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the overall business climate and regulatory environment in Arizona, which is useful for policymakers, analysts, and economists assessing the state's economic conditions and tax policies.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau based on state government revenue records.
Q: How is this trend used in economic policy?
A: This metric is relevant for understanding state fiscal policy, business investment trends, and the regulatory burden on enterprises in Arizona.
Q: Are there update delays or limitations?
A: The data is published annually by the Census Bureau, so there may be a delay of up to a year in the most recent figures.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Occupation and Business Licenses in Arizona (AZBUSLICTAX), retrieved from FRED.