State Tax Collections: T28 Occupation and Business License, Not Elsewhere Classified for Nevada
QTAXT28QTAXCAT3NVNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
57.00
Year-over-Year Change
-26.92%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures state tax collections from occupation and business licenses in Nevada that are not classified elsewhere. It provides insight into economic activity and tax revenue generation.
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 Nevada series tracks the revenue collected by the state government from taxes on various occupations and business activities. This data point is used by economists and policymakers to analyze the overall tax environment and economic health of the state.
Methodology
The data is collected and reported by the U.S. Census Bureau through surveys of state government finances.
Historical Context
This trend is used to inform economic and fiscal policy decisions at the state level.
Key Facts
- Nevada does not have a state personal income tax.
- Taxes on occupations and businesses are an important revenue source for the state.
- This trend can signal changes in economic conditions and fiscal policy priorities.
FAQs
Q: What does this economic trend measure?
A: This trend measures the tax revenue collected by the state of Nevada from occupational and business licenses that are not classified elsewhere.
Q: Why is this trend relevant for users or analysts?
A: This data point provides insight into the overall economic activity and tax environment in Nevada, which is useful for economists, policymakers, and businesses operating in the state.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through surveys of state government finances.
Q: How is this trend used in economic policy?
A: This trend is used by state-level economists and policymakers to inform decisions around fiscal policy, economic development, and revenue generation.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis, so there may be a short delay before the most recent information is available.
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Citation
U.S. Federal Reserve, State Tax Collections: T28 Occupation and Business License, Not Elsewhere Classified for Nevada (QTAXT28QTAXCAT3NVNO), retrieved from FRED.