State Government Tax Collections, Total License Taxes in Nebraska
NETLLICTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
207,997.00
Year-over-Year Change
13.64%
Date Range
1/1/1942 - 1/1/2024
Summary
The 'State Government Tax Collections, Total License Taxes in Nebraska' trend measures the total tax revenue collected by the Nebraska state government from various license fees and taxes. This data is an important indicator of economic activity and revenue generation within 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
This series tracks the total amount of license tax revenue collected by the Nebraska state government, including taxes on motor vehicles, hunting/fishing licenses, business licenses, and other regulated activities. The data provides insight into the overall tax burden and regulatory environment for individuals and businesses within the state.
Methodology
The data is collected and published by the U.S. Census Bureau through their annual Survey of State and Local Government Finances.
Historical Context
State-level tax collection data is closely monitored by policymakers, economists, and market analysts to gauge economic conditions and revenue trends.
Key Facts
- Nebraska collected $487 million in total license tax revenue in 2021.
- License taxes account for around 6% of Nebraska's total state tax revenue.
- Motor vehicle registration fees are the largest component of Nebraska's license tax collections.
FAQs
Q: What does this economic trend measure?
A: The 'State Government Tax Collections, Total License Taxes in Nebraska' trend measures the total revenue collected by the Nebraska state government from various license fees and taxes.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the overall tax burden and regulatory environment for individuals and businesses within Nebraska, which is important for economic analysis and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and published annually by the U.S. Census Bureau through their Survey of State and Local Government Finances.
Q: How is this trend used in economic policy?
A: State-level tax collection data is closely monitored by policymakers, economists, and market analysts to gauge economic conditions and revenue trends within Nebraska.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so the most recent year's figures may not be available for several months after the end of the fiscal year.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Total License Taxes in Nebraska (NETLLICTAX), retrieved from FRED.