State Tax Collections: T29 Other License Taxes for Alabama
QTAXT29QTAXCAT3ALNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures state-level tax collections from other license taxes in Alabama. It provides insights into the state's tax revenue sources and economic 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: T29 Other License Taxes for Alabama' series tracks the total amount of tax revenue collected by the state of Alabama from various licensing fees and charges, excluding major tax types like sales, income, and property taxes.
Methodology
The data is collected and reported by the U.S. Census Bureau through its Quarterly Summary of State and Local Government Tax Revenue program.
Historical Context
This trend is used by economists, policymakers, and analysts to monitor Alabama's fiscal health and economic conditions.
Key Facts
- Alabama collected $206 million in other license taxes in Q4 2022.
- Other license taxes account for about 4% of Alabama's total state tax revenue.
- This tax category includes fees for professional licenses, hunting/fishing licenses, and various business permits.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total amount of tax revenue collected by the state of Alabama from various licensing fees and charges, excluding major tax types like sales, income, and property taxes.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into Alabama's fiscal health and economic activity, as other license taxes are an important source of state tax revenue.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through its Quarterly Summary of State and Local Government Tax Revenue program.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and analysts use this trend to monitor Alabama's fiscal conditions and economic performance.
Q: Are there update delays or limitations?
A: The data is reported quarterly, so there may be a 1-2 quarter delay in the most recent figures.
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Citation
U.S. Federal Reserve, State Tax Collections: T29 Other License Taxes for Alabama (QTAXT29QTAXCAT3ALNO), retrieved from FRED.