State Government Tax Collections, Hunting and Fishing Licenses in Indiana
INHUNTLICTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
26,759.00
Year-over-Year Change
50.90%
Date Range
1/1/1942 - 1/1/2024
Summary
This economic trend measures state government tax revenue from hunting and fishing licenses in Indiana. It provides insights into recreational activity and license fees, which are important for wildlife management and outdoor recreation policy.
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 Indiana data series tracks revenue generated from the sale of hunting and fishing licenses by the state government. This helps policymakers and economists understand trends in recreational activity and the fiscal impact of licensing programs.
Methodology
The data is collected through administrative records of state tax collections.
Historical Context
This trend is relevant for state budget and natural resource policy analysis.
Key Facts
- Indiana collects over $20 million annually from hunting and fishing licenses.
- License revenue supports conservation efforts and wildlife management programs.
- Outdoor recreation is a major industry in Indiana, generating billions in economic activity.
FAQs
Q: What does this economic trend measure?
A: This trend measures the tax revenue collected by the state government of Indiana from the sale of hunting and fishing licenses.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into recreational activity levels and the fiscal impact of license programs, which are important for state budget planning and natural resource management policy.
Q: How is this data collected or calculated?
A: The data is collected through administrative records of state tax collections.
Q: How is this trend used in economic policy?
A: This trend is relevant for state budget and natural resource policy analysis, as it reflects revenue from outdoor recreation activities.
Q: Are there update delays or limitations?
A: The data is published regularly by the Federal Reserve with limited delays, providing timely information on this revenue source.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Hunting and Fishing Licenses in Indiana (INHUNTLICTAX), retrieved from FRED.