State Government Tax Collections, Other License Taxes in Hawaii
HIOTHLICTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12,487.00
Year-over-Year Change
974.61%
Date Range
1/1/1955 - 1/1/2024
Summary
This trend measures other license tax collections by state governments in Hawaii. It provides insight into a key component of state tax revenue and economic activity.
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, Other License Taxes in Hawaii trend tracks revenue from taxes levied by the state on the privilege of engaging in certain businesses, occupations, or other activities. This metric offers an indication of economic conditions and business dynamism within the state.
Methodology
The data is collected and reported by the U.S. Census Bureau.
Historical Context
This trend is used by economists and policymakers to analyze Hawaii's fiscal health and business environment.
Key Facts
- Hawaii's other license tax collections totaled $241 million in 2021.
- This category accounts for around 6% of Hawaii's total state tax revenue.
- Other license taxes have seen steady growth over the past decade in Hawaii.
FAQs
Q: What does this economic trend measure?
A: This trend tracks revenue from other license taxes collected by the state government of Hawaii, which includes taxes levied on various business activities and privileges.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the business climate and fiscal health of Hawaii, as other license taxes are an important component of the state's overall tax revenue.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau as part of their State Government Tax Collections program.
Q: How is this trend used in economic policy?
A: Economists and policymakers analyze this trend to understand Hawaii's fiscal position and the overall state of business activity and investment within the state.
Q: Are there update delays or limitations?
A: The data is released annually by the Census Bureau, so there may be a delay of several months before the most recent figures are available.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Other License Taxes in Hawaii (HIOTHLICTAX), retrieved from FRED.