State Government Tax Collections, Occupation and Business Licenses in Arkansas
ARBUSLICTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
128,020.00
Year-over-Year Change
2.01%
Date Range
1/1/1951 - 1/1/2024
Summary
This economic trend measures state government tax collections from occupation and business licenses in Arkansas. It provides insight into the state's business and economic 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 ARBUSLICTAX series tracks the total tax revenue collected by the state government of Arkansas from occupation and business licenses. This metric serves as an indicator of the level of business and economic activity within the state.
Methodology
The data is collected and reported by the U.S. Census Bureau.
Historical Context
This trend is used by economists and policymakers to monitor the health and growth of Arkansas' economy.
Key Facts
- Arkansas collects over $100 million annually in occupation and business license taxes.
- License tax collections account for approximately 2% of total state tax revenue in Arkansas.
- The ARBUSLICTAX series has shown steady growth over the past decade.
FAQs
Q: What does this economic trend measure?
A: The ARBUSLICTAX series measures the total tax revenue collected by the state government of Arkansas from occupation and business licenses.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the level of business and economic activity within the state of Arkansas, which is useful for economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to monitor the health and growth of Arkansas' economy.
Q: Are there update delays or limitations?
A: The ARBUSLICTAX data is published quarterly with a typical 3-month delay.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Occupation and Business Licenses in Arkansas (ARBUSLICTAX), retrieved from FRED.