State Government Tax Collections, Other License Taxes in Arkansas
AROTHLICTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,676.00
Year-over-Year Change
109.50%
Date Range
1/1/1942 - 1/1/2024
Summary
This economic indicator tracks state government tax collections from other license taxes in Arkansas. It provides insight into a specific revenue stream for the state government.
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
Other license taxes are a category of state tax collections that include revenues from licenses, permits, and fees not classified elsewhere. This metric offers a detailed view of a portion of Arkansas' state tax revenue sources.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state government finance.
Historical Context
This trend is used by policymakers and analysts to assess the fiscal health and revenue composition of the Arkansas state government.
Key Facts
- Arkansas collected $206 million in other license taxes in 2021.
- Other license taxes account for about 4% of total state tax revenue in Arkansas.
- This revenue source has grown by 23% over the past 5 years in Arkansas.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks state government tax collections from other license taxes in Arkansas, which includes revenues from licenses, permits, and fees not classified elsewhere.
Q: Why is this trend relevant for users or analysts?
A: This metric offers insights into a specific revenue stream for the Arkansas state government, which is useful for assessing the state's fiscal health and tax revenue composition.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of state government finance.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and analysts to understand the fiscal health and revenue sources of the Arkansas state government, which informs policy decisions.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so there may be a delay in availability compared to real-time economic conditions.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Other License Taxes in Arkansas (AROTHLICTAX), retrieved from FRED.