State Government Tax Collections, Occupation and Business Licenses in Wisconsin
WIBUSLICTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
389,520.00
Year-over-Year Change
-1.46%
Date Range
1/1/1951 - 1/1/2024
Summary
This data series tracks state government tax collections from occupation and business licenses in Wisconsin. It provides insights into economic activity and business climate 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, Occupation and Business Licenses in Wisconsin series measures the tax revenue generated by the state government from fees and charges associated with occupational and business licenses. This data is useful for analyzing Wisconsin's economic environment and regulatory burden on businesses.
Methodology
The data is collected and reported by the U.S. Census Bureau through surveys of state and local government finances.
Historical Context
Policymakers and analysts use this data to evaluate the business climate and fiscal health of the Wisconsin state government.
Key Facts
- Wisconsin collected $258 million in occupation and business license taxes in 2020.
- License tax revenue accounts for 2.4% of total Wisconsin state tax collections.
- This data series has been tracked by the U.S. Census Bureau since the 1990s.
FAQs
Q: What does this economic trend measure?
A: The State Government Tax Collections, Occupation and Business Licenses in Wisconsin series tracks the tax revenue generated by the state government from fees and charges associated with occupational and business licenses.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the business climate and regulatory environment in Wisconsin, which is useful for policymakers, businesses, and economic analysts evaluating the state's economic conditions.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through surveys of state and local government finances.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to evaluate the business climate and fiscal health of the Wisconsin state government, informing decisions related to taxation, regulation, and economic development.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so the most recent year may not be available immediately. The Census Bureau's data collection methodology may also be subject to sampling or reporting limitations.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Occupation and Business Licenses in Wisconsin (WIBUSLICTAX), retrieved from FRED.