State Government Tax Collections, Other License Taxes in South Carolina
SCOTHLICTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15,805.00
Year-over-Year Change
1.65%
Date Range
1/1/1942 - 1/1/2024
Summary
This trend measures other license tax revenue collected by the state government of South Carolina. It is an important indicator of economic activity and tax receipts in the state.
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
Other license taxes include fees for various professional and business licenses, permits, and registrations. This data provides insight into the overall tax burden and regulatory environment for businesses operating in South Carolina.
Methodology
The data is collected and published by the U.S. Census Bureau through quarterly surveys of state government finances.
Historical Context
Policymakers and analysts use this measure to assess the fiscal health and policy climate for the state's private sector.
Key Facts
- Other license taxes account for around 2% of total state government tax collections in South Carolina.
- The trend has shown moderate year-over-year growth over the past decade.
- License tax revenues help fund regulatory agencies and public services in the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures revenue from other license taxes collected by the state government of South Carolina. It includes fees for various professional and business licenses, permits, and registrations.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the overall tax burden and regulatory environment for businesses operating in South Carolina, which is relevant for policymakers, economists, and investors analyzing the state's economic climate.
Q: How is this data collected or calculated?
A: The data is collected and published by the U.S. Census Bureau through quarterly surveys of state government finances.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this measure to assess the fiscal health and policy climate for the state's private sector, informing decisions on taxation, regulation, and economic development initiatives.
Q: Are there update delays or limitations?
A: The data is published quarterly, with a typical delay of several months between the reporting period and the public release of the figures.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Other License Taxes in South Carolina (SCOTHLICTAX), retrieved from FRED.