State Tax Collections: T28 Occupation and Business License, Not Elsewhere Classified for Alabama
QTAXT28QTAXCAT3ALNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
21.00
Year-over-Year Change
5.00%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures occupation and business license tax collections in Alabama, excluding categories classified elsewhere. It provides insight into business activity and tax revenue 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: T28 Occupation and Business License, Not Elsewhere Classified for Alabama data series tracks tax revenues from licenses and permits related to occupations and businesses that are not categorized elsewhere. This metric serves as an indicator of economic conditions and business climate in the state.
Methodology
The data is collected and published by the U.S. Census Bureau through state-level tax revenue reporting.
Historical Context
Policymakers and analysts monitor this metric to assess the fiscal health and business environment of Alabama.
Key Facts
- Alabama's occupation and business license tax collections not elsewhere classified totaled $57.4 million in 2020.
- This tax category represents about 2.3% of Alabama's total state tax revenue.
- Occupation and business license tax collections in Alabama have grown at an average annual rate of 3.2% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures occupation and business license tax collections in Alabama, excluding categories classified elsewhere. It provides insight into business activity and tax revenue in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric serves as an indicator of economic conditions and business climate in Alabama, making it relevant for policymakers, economists, and analysts monitoring the state's fiscal health and business environment.
Q: How is this data collected or calculated?
A: The data is collected and published by the U.S. Census Bureau through state-level tax revenue reporting.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this metric to assess the fiscal health and business environment of Alabama, which can inform economic and tax policy decisions.
Q: Are there update delays or limitations?
A: The data is published annually by the Census Bureau, so there may be a delay of several months between the end of the fiscal year and the release of the latest figures.
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Citation
U.S. Federal Reserve, State Tax Collections: T28 Occupation and Business License, Not Elsewhere Classified for Alabama (QTAXT28QTAXCAT3ALNO), retrieved from FRED.