State Government Tax Collections, Hunting and Fishing Licenses in Louisiana
LAHUNTLICTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
32,599.00
Year-over-Year Change
12.61%
Date Range
1/1/1942 - 1/1/2024
Summary
This data series tracks state government tax collections from hunting and fishing licenses in Louisiana. It provides insights into the recreational activities and license revenue for Louisiana's wildlife management programs.
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, Hunting and Fishing Licenses in Louisiana data series measures the total tax revenue collected by the state government from the sale of hunting and fishing licenses. This metric is used by policymakers and economists to analyze trends in outdoor recreation participation and the funding sources for state wildlife conservation efforts.
Methodology
The data is collected directly from the Louisiana Department of Wildlife and Fisheries.
Historical Context
This trend is relevant for understanding the recreational economy and funding for wildlife management in Louisiana.
Key Facts
- Louisiana collected $38.5 million in hunting and fishing license taxes in 2021.
- Hunting and fishing license taxes account for 5% of Louisiana's total state tax revenue.
- The number of hunting licenses sold in Louisiana has declined by 12% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the total tax revenue collected by the Louisiana state government from the sale of hunting and fishing licenses.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into outdoor recreation participation and the funding sources for state wildlife conservation efforts in Louisiana.
Q: How is this data collected or calculated?
A: The data is collected directly from the Louisiana Department of Wildlife and Fisheries.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to analyze trends in the recreational economy and funding for wildlife management programs in Louisiana.
Q: Are there update delays or limitations?
A: The data is published on a regular basis with minimal delays, but may not capture all license sales due to reporting lags or exemptions.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Hunting and Fishing Licenses in Louisiana (LAHUNTLICTAX), retrieved from FRED.