State Government Tax Collections, Occupation and Business Licenses in South Dakota
SDBUSLICTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
157,257.00
Year-over-Year Change
26.16%
Date Range
1/1/1951 - 1/1/2024
Summary
This economic trend measures state government tax collections from occupation and business licenses in South Dakota. It provides insight into the state's economic conditions and business 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 Government Tax Collections, Occupation and Business Licenses in South Dakota series tracks tax revenue generated from fees and licenses related to various occupations and business operations within the state. This data point is used by economists and policymakers to assess the overall health and growth of South Dakota's economy.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state government tax collection agencies.
Historical Context
This trend is relevant for understanding broader economic and fiscal conditions in South Dakota and can inform policy decisions.
Key Facts
- South Dakota has no personal income tax.
- Business licenses generate significant tax revenue for the state.
- Occupation and business license fees help fund public services.
FAQs
Q: What does this economic trend measure?
A: This trend measures the tax revenue collected by the South Dakota state government from fees and licenses related to various occupations and business operations within the state.
Q: Why is this trend relevant for users or analysts?
A: This data point provides insight into the overall health and growth of South Dakota's economy, as it reflects the level of business activity and employment in the state.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of state government tax collection agencies.
Q: How is this trend used in economic policy?
A: This trend can inform policymakers and economists about the state's economic conditions and help guide decisions related to taxation, business regulations, and public spending.
Q: Are there update delays or limitations?
A: The data is released quarterly by the U.S. Census Bureau, so there may be a delay of several months before the most recent figures are available.
Related Trends
Chain-Type Quantity Index for Real GDP: Warehousing and Storage (493) in South Dakota
SDWARESTORQGSP
Chain-Type Quantity Index for Real GDP: Machinery Manufacturing (333) in South Dakota
SDMACHMANQGSP
Real Gross Domestic Product: Transportation and Warehousing (48-49) in South Dakota
SDTRANSWARERQGSP
All Employees: Mining, Logging, and Construction in South Dakota
SMS46000001500000001
Gross Domestic Product: Insurance Carriers and Related Activities (524) in South Dakota
SDINSCRANGSP
Per Capita Personal Income in South Dakota
SDPCPI
Citation
U.S. Federal Reserve, State Government Tax Collections, Occupation and Business Licenses in South Dakota (SDBUSLICTAX), retrieved from FRED.