State Government Tax Collections, Other License Taxes in Louisiana
LAOTHLICTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,906.00
Year-over-Year Change
38.54%
Date Range
1/1/1942 - 1/1/2024
Summary
This economic trend measures state government tax collections from other license taxes in Louisiana. It provides insight into the state's fiscal health and tax revenue streams.
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 Louisiana' series tracks the total amount of tax revenue collected by the Louisiana state government from various licensing fees and charges, excluding motor vehicle and alcoholic beverage taxes. This data is used by economists and policymakers to analyze the state's fiscal trends and economic performance.
Methodology
The data is collected and reported by the U.S. Census Bureau's Quarterly Summary of State and Local Government Tax Revenue.
Historical Context
This economic indicator is relevant for understanding Louisiana's tax policy and budget considerations.
Key Facts
- Louisiana collected $291 million in other license taxes in 2021.
- This trend has declined by 2.5% annually on average over the past 10 years.
- Other license taxes account for about 2.5% of Louisiana's total state tax revenue.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total amount of tax revenue collected by the Louisiana state government from various licensing fees and charges, excluding motor vehicle and alcoholic beverage taxes.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into Louisiana's fiscal health and tax revenue streams, which is relevant for economists, policymakers, and anyone interested in the state's economic performance.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau's Quarterly Summary of State and Local Government Tax Revenue.
Q: How is this trend used in economic policy?
A: This economic indicator is relevant for understanding Louisiana's tax policy and budget considerations, as it represents a significant source of revenue for the state government.
Q: Are there update delays or limitations?
A: The data is published quarterly by the U.S. Census Bureau, so there may be a delay of several months between the reporting period and the public release of the information.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Other License Taxes in Louisiana (LAOTHLICTAX), retrieved from FRED.