State Tax Collections: T29 Other License Taxes for North Dakota
QTAXT29QTAXCAT3NDNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
1/1/1994 - 10/1/2010
Summary
This economic trend measures the tax revenue collected by the state of North Dakota from other license taxes, providing insight into the state's fiscal health 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 North Dakota' series tracks the revenue generated by the state of North Dakota from various licensing fees and taxes, excluding major categories like sales, income, and property taxes. This data offers a window into the diverse sources of public revenue and can inform policymakers and analysts about the state's economic conditions.
Methodology
The data is collected and reported by the U.S. Census Bureau as part of their quarterly state and local government tax revenue survey.
Historical Context
This trend is closely monitored by state budget offices, economic researchers, and financial institutions to assess North Dakota's fiscal position and economic performance.
Key Facts
- North Dakota is one of the top 10 states by GDP per capita.
- License taxes account for around 3% of total state tax revenue in North Dakota.
- The state has seen steady growth in other license tax collections over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the tax revenue collected by the state of North Dakota from various licensing fees and taxes, excluding major categories like sales, income, and property taxes.
Q: Why is this trend relevant for users or analysts?
A: This data offers insight into the diverse sources of public revenue in North Dakota and can inform policymakers and analysts about the state's economic conditions and fiscal health.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau as part of their quarterly state and local government tax revenue survey.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by state budget offices, economic researchers, and financial institutions to assess North Dakota's fiscal position and economic performance.
Q: Are there update delays or limitations?
A: The data is reported quarterly by the Census Bureau, so there may be a short delay in the most recent figures being available.
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Citation
U.S. Federal Reserve, State Tax Collections: T29 Other License Taxes for North Dakota (QTAXT29QTAXCAT3NDNO), retrieved from FRED.