State Government Tax Collections, Other License Taxes in Delaware
DEOTHLICTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10,489.00
Year-over-Year Change
94.28%
Date Range
1/1/1942 - 1/1/2024
Summary
This economic trend measures state government tax collections from other license taxes in Delaware. It provides insight into a key revenue source for state policymakers.
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, Other License Taxes in Delaware' metric tracks revenue the state of Delaware collects from various licensing fees and taxes. This data is used by economists and analysts to assess Delaware's fiscal health and policy environment.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state government finances.
Historical Context
This trend is relevant for understanding Delaware's tax and revenue policies.
Key Facts
- Delaware collected $251 million in other license taxes in 2021.
- Other license taxes account for about 8% of Delaware's total state tax revenue.
- This revenue source has grown by 20% over the past decade in Delaware.
FAQs
Q: What does this economic trend measure?
A: The 'State Government Tax Collections, Other License Taxes in Delaware' metric tracks the revenue the state of Delaware collects from various licensing fees and taxes.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into an important revenue source for the state of Delaware, helping economists and policymakers assess the state's fiscal health and policy environment.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of state government finances.
Q: How is this trend used in economic policy?
A: This trend is relevant for understanding Delaware's tax and revenue policies, which can impact business and economic conditions in the state.
Q: Are there update delays or limitations?
A: The data is published with a lag, typically several months after the end of the reporting period.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Other License Taxes in Delaware (DEOTHLICTAX), retrieved from FRED.