State Government Tax Collections, Total License Taxes in Missouri
MOTLLICTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
739,384.00
Year-over-Year Change
31.20%
Date Range
1/1/1942 - 1/1/2024
Summary
The 'State Government Tax Collections, Total License Taxes in Missouri' series measures the total revenue from license taxes collected by the state government of Missouri. This metric provides insights into Missouri's tax policy, economic activity, and tax capacity.
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
License taxes are a type of state tax revenue that includes fees and charges for licenses, permits, and certificates. This trend is an important indicator of economic conditions and government funding in Missouri, as license tax collections reflect business activity, consumer demand, and the state's ability to raise revenues.
Methodology
The data is collected through the U.S. Census Bureau's Annual Survey of State Government Tax Collections.
Historical Context
Policymakers and analysts use this trend to assess Missouri's fiscal position and economic performance.
Key Facts
- Missouri collected $1.47 billion in total license taxes in 2020.
- License taxes account for about 5% of Missouri's total state tax revenue.
- The COVID-19 pandemic led to a 4.5% decline in Missouri's license tax collections in 2020.
FAQs
Q: What does this economic trend measure?
A: The 'State Government Tax Collections, Total License Taxes in Missouri' series measures the total revenue from license taxes collected by the state government of Missouri.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into Missouri's tax policy, economic activity, and tax capacity, as license tax collections reflect business activity, consumer demand, and the state's ability to raise revenues.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's Annual Survey of State Government Tax Collections.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess Missouri's fiscal position and economic performance.
Q: Are there update delays or limitations?
A: The data is published annually, so there may be a delay of up to one year in the most recent figures.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Total License Taxes in Missouri (MOTLLICTAX), retrieved from FRED.