State Tax Collections: T29 Other License Taxes for Texas
QTAXT29QTAXCAT3TXNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
38.00
Year-over-Year Change
52.00%
Date Range
1/1/1994 - 1/1/2025
Summary
The 'State Tax Collections: T29 Other License Taxes for Texas' trend measures the revenue collected by the state of Texas from various license taxes, excluding major taxes like sales, income, or property taxes.
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
This economic indicator provides insight into the health of Texas's state finances, as license tax revenues represent an important source of funding for government programs and services. Economists and policymakers monitor this trend to assess the broader economic conditions within the state.
Methodology
The data is collected and reported by the U.S. Census Bureau's Quarterly Summary of State and Local Government Tax Revenue.
Historical Context
This trend is used to inform state budget and fiscal policy decisions.
Key Facts
- Texas collects the third-highest amount of state tax revenue in the U.S.
- Other license taxes account for about 5% of total state tax revenue in Texas.
- License tax collections in Texas have grown by over 20% in the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the revenue collected by the state of Texas from various license taxes, excluding major taxes like sales, income, or property taxes.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the health of Texas's state finances, as license tax revenues represent an important source of funding for government programs and services.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau's Quarterly Summary of State and Local Government Tax Revenue.
Q: How is this trend used in economic policy?
A: This trend is used to inform state budget and fiscal policy decisions in Texas.
Q: Are there update delays or limitations?
A: The data is released quarterly by the Census Bureau, so there may be a short delay in availability.
Related Trends
State Tax Collections: T21 Amusements License for Maryland
QTAXT21QTAXCAT3MDNO
State Tax Collections: T01 Property Taxes for Colorado
QTAXT01QTAXCAT3CONO
State Tax Collections: T15 Public Utilities Sales Tax for Virginia
QTAXT15QTAXCAT3VANO
State Tax Collections: T11 Amusements Sales Tax for New Hampshire
QTAXT11QTAXCAT3NHNO
Poverty, Child Tax Exemptions for Wisconsin
PCHEXMWI55A647NCEN
State Tax Collections: T21 Amusements License for New Hampshire
QTAXT21QTAXCAT3NHNO
Citation
U.S. Federal Reserve, State Tax Collections: T29 Other License Taxes for Texas (QTAXT29QTAXCAT3TXNO), retrieved from FRED.