State Government Tax Collections, Corporations in General Licenses in Hawaii
HICORPLICTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,937.00
Year-over-Year Change
90.84%
Date Range
1/1/1955 - 1/1/2024
Summary
This series measures state government tax collections from corporate general licenses in Hawaii. It provides insights into the business tax environment and economic conditions in the state.
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, Corporations in General Licenses in Hawaii series tracks the revenue collected by the Hawaii state government from corporate general business licenses. This metric is used by economists and policymakers to assess the tax burden on businesses and gauge the overall economic climate in the state.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state government tax authorities.
Historical Context
This trend is relevant for understanding the state's fiscal health and business-friendly policies.
Key Facts
- Hawaii collected $78.2 million in corporate general license taxes in 2021.
- Corporate general license taxes account for 1.7% of Hawaii's total state tax revenue.
- This metric has grown at an average annual rate of 2.5% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This series tracks the amount of tax revenue collected by the Hawaii state government from corporate general business licenses.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the tax burden on businesses in Hawaii and the overall economic climate in the state.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of state government tax authorities.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess the state's fiscal health and business-friendly policies.
Q: Are there update delays or limitations?
A: The data is typically released with a several-month delay by the Census Bureau.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Corporations in General Licenses in Hawaii (HICORPLICTAX), retrieved from FRED.