State Government Tax Collections, Occupation and Business Licenses in Hawaii
HIBUSLICTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
56,784.00
Year-over-Year Change
82.19%
Date Range
1/1/1955 - 1/1/2024
Summary
This economic trend measures state government tax collections from occupation and business licenses in Hawaii. It provides insights into the state's business activity and economic conditions.
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 Hawaii series tracks the revenue generated by the state government from licensing fees and taxes levied on businesses and occupations. This data is useful for analyzing Hawaii's economic landscape and regulatory environment.
Methodology
The data is collected and reported by the U.S. Census Bureau.
Historical Context
This trend is relevant for policymakers, economists, and businesses interested in understanding Hawaii's fiscal conditions and regulatory climate.
Key Facts
- Hawaii collected $222 million in occupation and business license taxes in 2021.
- Business license tax collections account for about 3% of Hawaii's total state tax revenue.
- Occupation and business license taxes have grown by 24% in Hawaii over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the revenue collected by the Hawaii state government from occupation and business licensing fees and taxes.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the business climate and regulatory environment in Hawaii, which is important for policymakers, economists, and businesses operating in the state.
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 analysts use this data to assess Hawaii's fiscal conditions, business regulations, and economic development strategies.
Q: Are there update delays or limitations?
A: The data is published quarterly, with a delay of several months, and may not capture all occupation and business license taxes collected by the state.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Occupation and Business Licenses in Hawaii (HIBUSLICTAX), retrieved from FRED.