State Government Tax Collections, Corporations in General Licenses in Utah
UTCORPLICTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
131.00
Year-over-Year Change
-76.05%
Date Range
1/1/1942 - 1/1/2024
Summary
This trend measures the total tax collections from corporate general business licenses in the state of Utah. It is an important indicator of the economic activity and tax revenue generated by corporations operating 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
The State Government Tax Collections, Corporations in General Licenses in Utah metric tracks the total tax revenue collected by the Utah state government from corporate general business licenses. This data point provides insight into the overall level of corporate economic activity and tax contributions within the state.
Methodology
The data is collected directly from the Utah state government's tax collection records.
Historical Context
This metric is used by policymakers, economists, and market analysts to assess the health and growth of the Utah business environment.
Key Facts
- Utah collects over $200 million annually from corporate general business licenses.
- Corporate tax collections make up about 10% of total state tax revenue in Utah.
- The trend has shown steady year-over-year growth, reflecting a thriving business climate.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total tax revenue collected by the Utah state government from corporate general business licenses, providing insight into the level of corporate economic activity in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric is an important indicator of the health and growth of the Utah business environment, and is closely monitored by policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected directly from the Utah state government's tax collection records.
Q: How is this trend used in economic policy?
A: Policymakers use this metric to assess the business climate and tax revenue generated by corporations operating in Utah, which informs economic development strategies and tax policy decisions.
Q: Are there update delays or limitations?
A: The data is reported on a regular basis by the Utah state government, with minimal update delays.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Corporations in General Licenses in Utah (UTCORPLICTAX), retrieved from FRED.