State Government Tax Collections, Other License Taxes in Mississippi
MSOTHLICTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
68,048.00
Year-over-Year Change
2.76%
Date Range
1/1/1942 - 1/1/2024
Summary
This economic trend measures state government tax collections from other license taxes in Mississippi. It provides insights into a key revenue source for state governments.
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
Other license taxes are fees or taxes levied by state governments on various licenses, permits, and registrations. This data series tracks the total amount of revenue collected from these sources in Mississippi, offering a gauge of economic activity and government finances.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state government finances.
Historical Context
Policymakers and analysts use this data to assess Mississippi's fiscal condition and tax revenue trends.
Key Facts
- Other license taxes make up about 3% of Mississippi's total state tax revenue.
- This revenue source has remained relatively stable over the past decade.
- License fees for businesses and professionals account for the largest share of other license tax collections.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total amount of other license taxes collected by the state government of Mississippi. Other license taxes include fees and levies on various licenses, permits, and registrations.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into a key revenue source for state governments, offering a gauge of economic activity and fiscal conditions in Mississippi.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of state government finances.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to assess Mississippi's fiscal condition and tax revenue trends, which can inform policy decisions and budgeting.
Q: Are there update delays or limitations?
A: The data is released annually with a lag of several months, so there may be delays in accessing the most recent information.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Other License Taxes in Mississippi (MSOTHLICTAX), retrieved from FRED.