State Tax Collections: T28 Occupation and Business License, Not Elsewhere Classified for the United States
QTAXT28QTAXCAT3USNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,552.00
Year-over-Year Change
13.35%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures state tax collections from occupation and business license taxes not classified elsewhere in the United States. It provides insights into state tax revenue sources and the overall business climate.
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 the United States trend tracks state-level tax revenue from various types of business-related taxes that do not fit into other specific tax categories. This metric is used by economists and policymakers to analyze the overall health and activity of the business sector within a state.
Methodology
The data is collected and reported by the U.S. Census Bureau.
Historical Context
This trend is relevant for understanding state fiscal conditions and the regulatory environment for businesses.
Key Facts
- This metric excludes taxes on specific industries like utilities or insurance.
- Trends in this tax category can indicate changes in the overall business climate.
- The data is reported quarterly by the U.S. Census Bureau.
FAQs
Q: What does this economic trend measure?
A: This trend measures state-level tax revenue from occupation and business license taxes that are not classified elsewhere, providing insights into the business environment within a state.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding state fiscal conditions and the regulatory climate for businesses, which can impact economic growth and investment decisions.
Q: How is this data collected or calculated?
A: The data is collected and reported quarterly by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to analyze the overall health and activity of the business sector within a state, which can inform decisions around taxation, regulation, and economic development strategies.
Q: Are there update delays or limitations?
A: The data is reported with a quarterly frequency, so there may be a lag of several months 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 the United States (QTAXT28QTAXCAT3USNO), retrieved from FRED.