State Tax Collections: T28 Occupation and Business License, Not Elsewhere Classified for Rhode Island
QTAXT28QTAXCAT3RINO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
36.00
Year-over-Year Change
24.14%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend tracks state tax collections for occupation and business license taxes in Rhode Island that are not classified elsewhere. It provides insight into the state's business activity and tax revenue.
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 Rhode Island metric measures the revenue the state collects from taxes on certain business and occupational activities. This data series is used by economists and policymakers to analyze trends in Rhode Island's business environment and fiscal conditions.
Methodology
The data is collected by the U.S. Census Bureau through state and local government tax revenue surveys.
Historical Context
This metric is relevant for assessing Rhode Island's economic performance and the impact of tax policies on the state's business climate.
Key Facts
- Rhode Island collects this tax revenue to fund state operations and services.
- The metric excludes taxes on specific industries like sales, property, or motor vehicles.
- Trends in this data can indicate changes in Rhode Island's business activity and tax base.
FAQs
Q: What does this economic trend measure?
A: This metric tracks state tax collections in Rhode Island for occupation and business license taxes that are not classified elsewhere, providing insight into the state's business activity and tax revenue.
Q: Why is this trend relevant for users or analysts?
A: This data is useful for economists and policymakers to assess trends in Rhode Island's business environment and fiscal conditions.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through state and local government tax revenue surveys.
Q: How is this trend used in economic policy?
A: This metric is relevant for evaluating the impact of tax policies on Rhode Island's business climate and economic performance.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may not capture the most recent economic conditions in Rhode Island.
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Citation
U.S. Federal Reserve, State Tax Collections: T28 Occupation and Business License, Not Elsewhere Classified for Rhode Island (QTAXT28QTAXCAT3RINO), retrieved from FRED.