State Tax Collections: T28 Occupation and Business License, Not Elsewhere Classified for Missouri
QTAXT28QTAXCAT3MONO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
65.00
Year-over-Year Change
18.18%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures state tax collections from occupation and business license taxes in Missouri, excluding categories reported elsewhere. It provides insight 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
The State Tax Collections: T28 Occupation and Business License, Not Elsewhere Classified for Missouri series tracks a specific category of state tax revenue. It represents taxes levied on businesses and occupations that are not reported under other more specialized tax classifications.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state government finance.
Historical Context
This trend is used by economists and policymakers to analyze state fiscal conditions and revenue sources.
Key Facts
- Missouri collected $258 million in T28 taxes in 2020.
- T28 taxes account for 2.3% of Missouri's total state tax revenue.
- This tax category has grown at an average annual rate of 4.1% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures state tax collections from occupation and business license taxes in Missouri, excluding categories reported elsewhere.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into a key revenue source for state governments, which is useful for economists and policymakers analyzing fiscal conditions and policy impacts.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of state government finance.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze state fiscal conditions and revenue sources, which informs decision-making around taxes, spending, and economic development policies.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so there may be delays in accessing the most recent information.
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Citation
U.S. Federal Reserve, State Tax Collections: T28 Occupation and Business License, Not Elsewhere Classified for Missouri (QTAXT28QTAXCAT3MONO), retrieved from FRED.