State Government Tax Collections, Occupation and Business Licenses in Nebraska
NEBUSLICTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
33,563.00
Year-over-Year Change
187.90%
Date Range
1/1/1951 - 1/1/2024
Summary
This economic trend measures state government tax collections from occupation and business licenses in Nebraska. It provides insight into the state's business activity and tax revenue sources.
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 Nebraska series tracks the revenue generated by the state government through taxes on occupational and business licenses. This metric is used by economists and policymakers to assess the level of business and economic activity within the state.
Methodology
The data is collected and reported by the U.S. Census Bureau as part of its quarterly state government tax revenue survey.
Historical Context
This trend is relevant for understanding Nebraska's fiscal health and the underlying strength of its business environment.
Key Facts
- Nebraska's occupation and business license tax revenue totaled $93.4 million in 2021.
- This tax category accounts for approximately 4% of Nebraska's total state tax collections.
- Occupation and business license taxes have grown by 7.2% annually in Nebraska over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the tax revenue collected by the Nebraska state government from occupational and business license fees. It provides insight into the level of business activity and tax receipts in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric is useful for economists and policymakers to assess the fiscal health and underlying business climate of Nebraska. It helps identify trends in the state's economic activity and tax revenue sources.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau as part of its quarterly survey of state government tax revenues.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to monitor Nebraska's business environment and evaluate the state's fiscal position and revenue sources. It informs decisions around taxation, regulation, and economic development initiatives.
Q: Are there update delays or limitations?
A: The data is released quarterly by the Census Bureau, so there may be a 3-6 month delay in the most recent figures. The metric only captures state-level tax collections, not local or federal sources.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Occupation and Business Licenses in Nebraska (NEBUSLICTAX), retrieved from FRED.