State Government Tax Collections, Occupation and Business Licenses in Missouri
MOBUSLICTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
231,534.00
Year-over-Year Change
72.33%
Date Range
1/1/1951 - 1/1/2024
Summary
This trend measures state government tax collections from occupation and business licenses in Missouri. It provides insight into the economic activity and regulatory environment for businesses 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, Occupation and Business Licenses in Missouri series tracks the tax revenue generated from licenses and permits required for businesses and professionals to operate in the state. This data offers policymakers and economists a gauge of entrepreneurial activity and regulatory trends.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state government tax collections.
Historical Context
This metric is used to analyze Missouri's business climate and tax policies.
Key Facts
- Missouri collects over $500 million annually in occupation and business license taxes.
- Occupation and business license taxes account for 10% of Missouri's total state tax revenue.
- The tax collection trend has remained relatively stable over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the tax revenue collected by the state government of Missouri from occupation and business licenses. It provides insight into the economic activity and regulatory environment for businesses in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric is relevant for understanding Missouri's business climate and the impact of tax and regulatory policies on entrepreneurial activity 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 collections.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to analyze the regulatory environment and tax burden faced by businesses in Missouri, informing decisions on economic development and fiscal policy.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, so it may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Occupation and Business Licenses in Missouri (MOBUSLICTAX), retrieved from FRED.