State Tax Collections: T23 Hunting and Fishing License for North Dakota
QTAXT23QTAXCAT3NDNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.00
Year-over-Year Change
0.00%
Date Range
1/1/1994 - 1/1/2025
Summary
This trend measures North Dakota's state tax revenue from hunting and fishing license fees. It provides insights into recreational activity and wildlife management funding 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 Tax Collections: T23 Hunting and Fishing License for North Dakota series tracks quarterly tax revenue generated from the sale of hunting and fishing licenses in the state. This data is used by policymakers and economists to analyze trends in outdoor recreation, wildlife conservation funding, and the broader state tax base.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state tax collection agencies.
Historical Context
This metric is relevant for state budget and natural resource management decisions.
Key Facts
- North Dakota collected $5.2 million in hunting and fishing license fees in 2021.
- License sales account for over 20% of the state's wildlife management budget.
- Resident hunting and fishing license sales increased by 7% in 2020 due to the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This trend measures the state tax revenue collected by North Dakota from the sale of hunting and fishing licenses.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into outdoor recreation activity and funding for wildlife conservation efforts in North Dakota.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of state tax collection agencies.
Q: How is this trend used in economic policy?
A: This metric is relevant for state budget and natural resource management decisions in North Dakota.
Q: Are there update delays or limitations?
A: The data is published quarterly with a short delay, and may not capture all license sales due to reporting lags.
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Citation
U.S. Federal Reserve, State Tax Collections: T23 Hunting and Fishing License for North Dakota (QTAXT23QTAXCAT3NDNO), retrieved from FRED.