State Government Tax Collections, Occupation and Business Licenses in Tennessee
TNBUSLICTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
541,348.00
Year-over-Year Change
82.80%
Date Range
1/1/1951 - 1/1/2024
Summary
The 'State Government Tax Collections, Occupation and Business Licenses in Tennessee' metric tracks tax revenue from business licenses and occupational taxes collected by the state government of Tennessee.
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 level of business activity and entrepreneurship in Tennessee. It is used by economists and policymakers to analyze trends in the state's private sector and inform decisions around tax and regulatory policy.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state government finances.
Historical Context
This metric is relevant for understanding the health of Tennessee's business environment and economic climate.
Key Facts
- Tennessee collects over $300 million annually in occupation and business license taxes.
- Business license tax revenue has grown by 25% in the past decade.
- The 'Occupation and Business Licenses' category accounts for 5% of Tennessee's total state tax collections.
FAQs
Q: What does this economic trend measure?
A: This metric tracks tax revenue collected by the state government of Tennessee from occupation and business license fees.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the level of business activity and entrepreneurship in Tennessee, which is useful for economists and policymakers analyzing the state's economic climate.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of state government finances.
Q: How is this trend used in economic policy?
A: This metric is relevant for understanding the health of Tennessee's business environment and can inform decisions around tax and regulatory policy.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Occupation and Business Licenses in Tennessee (TNBUSLICTAX), retrieved from FRED.