State Government Tax Collections, Hunting and Fishing Licenses in Virginia
VAHUNTLICTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
27,924.00
Year-over-Year Change
1.58%
Date Range
1/1/1942 - 1/1/2024
Summary
This economic trend measures state government tax revenue from hunting and fishing licenses in Virginia. It provides insight into outdoor recreation activity and related fiscal impacts.
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, Hunting and Fishing Licenses in Virginia metric tracks tax receipts generated by the sale of hunting and fishing permits and licenses in the state. This data point offers an indicator of recreational activity and demand for outdoor resources.
Methodology
The data is collected and reported by the U.S. Census Bureau as part of its state and local government tax revenue series.
Historical Context
Policymakers and wildlife management agencies use this trend to understand funding sources for conservation efforts and outdoor recreation programs.
Key Facts
- Virginia collected $25.4 million in hunting and fishing license taxes in 2021.
- License tax revenue funds the Virginia Department of Wildlife Resources.
- Outdoor recreation generates over $21 billion in consumer spending annually in Virginia.
FAQs
Q: What does this economic trend measure?
A: This metric tracks state government tax revenue from the sale of hunting and fishing licenses in Virginia.
Q: Why is this trend relevant for users or analysts?
A: It provides insight into outdoor recreation activity and related fiscal impacts, which is valuable for policymakers and wildlife management agencies.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau as part of its state and local government tax revenue series.
Q: How is this trend used in economic policy?
A: Policymakers and wildlife management agencies use this trend to understand funding sources for conservation efforts and outdoor recreation programs.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so it may not reflect the most recent fiscal year.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Hunting and Fishing Licenses in Virginia (VAHUNTLICTAX), retrieved from FRED.