State Tax Collections: T28 Occupation and Business License, Not Elsewhere Classified for Montana
QTAXT28QTAXCAT3MTNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
107.00
Year-over-Year Change
21.59%
Date Range
1/1/1994 - 1/1/2025
Summary
This trend measures state tax collections from occupation and business license taxes in Montana, excluding categories classified elsewhere. It provides insight into the state's economic and business activity.
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 Montana series tracks tax revenue generated from occupational and business license fees in the state, excluding categories like sales, income, or property taxes. This metric offers a window into the overall economic climate and regulatory environment for businesses operating in Montana.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state tax authorities.
Historical Context
Policymakers and economists use this trend to assess the health of Montana's business sector and its tax base.
Key Facts
- Montana has a population of over 1 million people.
- The state's GDP was over $55 billion in 2021.
- Occupation and business license taxes account for a small portion of Montana's total state tax revenue.
FAQs
Q: What does this economic trend measure?
A: This trend measures state tax collections from occupation and business license fees in Montana, excluding other tax categories like sales, income, or property taxes.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the overall economic and business climate in Montana, which is useful for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of state tax authorities.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the health of Montana's business sector and its tax base, which can inform economic development strategies and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly, with a typical 3-month lag.
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Citation
U.S. Federal Reserve, State Tax Collections: T28 Occupation and Business License, Not Elsewhere Classified for Montana (QTAXT28QTAXCAT3MTNO), retrieved from FRED.