State Government Tax Collections, Occupation and Business Licenses in Louisiana
LABUSLICTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
126,107.00
Year-over-Year Change
14.31%
Date Range
1/1/1951 - 1/1/2024
Summary
This economic trend measures state government tax collections from occupation and business licenses in Louisiana. It provides insights into the business climate and tax revenue sources 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, Occupation and Business Licenses in Louisiana series tracks the total tax revenue generated by the state government from licensing fees and taxes levied on businesses and occupations. This metric is used by economists and policymakers to assess the economic conditions and tax base in Louisiana.
Methodology
The data is collected and reported by the U.S. Census Bureau through surveys of state government finance.
Historical Context
This trend is relevant for understanding the fiscal health and policy environment for businesses operating in Louisiana.
Key Facts
- Louisiana collected over $300 million in occupation and business license taxes in 2021.
- Business licensing fees account for a significant portion of Louisiana's state government revenue.
- Tax collections from this source have grown steadily in Louisiana over the past decade.
FAQs
Q: What does this economic trend measure?
A: The State Government Tax Collections, Occupation and Business Licenses in Louisiana series tracks the total tax revenue generated by the state government from licensing fees and taxes levied on businesses and occupations.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the business climate and tax revenue sources for state policymakers in Louisiana, making it relevant for understanding the fiscal health and policy environment for 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 through surveys of state government finance.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to assess the economic conditions and tax base in Louisiana, which can inform decisions about economic development, taxation, and regulatory policies.
Q: Are there update delays or limitations?
A: The data is typically published with a lag of several months, so there may be delays in accessing the most recent information. Additionally, the data is limited to the state of Louisiana and does not provide a national or regional comparison.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Occupation and Business Licenses in Louisiana (LABUSLICTAX), retrieved from FRED.