Liabilities: Other Liabilities: Government Franchise Tax
LOLGFT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.28
Year-over-Year Change
9.93%
Date Range
5/11/1921 - 6/28/1922
Summary
The Government Franchise Tax trend tracks tax revenues collected by government entities from franchise businesses. This metric provides insights into local and state government fiscal health and business sector economic activity.
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
This economic indicator represents taxes levied on businesses operating under government-granted franchises or licenses. Economists analyze this trend to understand revenue generation, business environment, and potential economic regulatory impacts.
Methodology
Data is collected through government tax reporting systems and aggregated by federal statistical agencies.
Historical Context
This trend is used in fiscal policy analysis, budget forecasting, and assessing the economic contribution of franchised businesses.
Key Facts
- Franchise taxes are typically levied annually on businesses operating under special licenses
- These taxes vary by state and business type
- Revenue from franchise taxes contributes to local and state government budgets
FAQs
Q: What is a franchise tax?
A: A franchise tax is a mandatory fee charged by state governments to businesses for the privilege of operating within that jurisdiction. It is separate from income tax and is often based on a company's net worth or capital.
Q: How do franchise taxes differ across states?
A: Franchise tax rates and calculation methods vary significantly between states, with some using flat rates and others using complex formulas based on business assets or revenue.
Q: How is the LOLGFT data collected?
A: The data is compiled through government tax reporting systems, aggregating franchise tax revenues from various state and local jurisdictions.
Q: Why are franchise taxes important?
A: Franchise taxes provide a crucial revenue stream for local governments and serve as an indicator of business activity and economic health in a region.
Q: How often is LOLGFT data updated?
A: The data is typically updated quarterly or annually, depending on the specific reporting mechanisms of government tax agencies.
Related News
U.S. Treasury Yields Increase Amid Strong Economic Growth and Inflation Concerns
Treasury Yields Surge Amid Economic Growth and Inflation Concerns Treasury yields are surging as investors closely monitor the evolving U.S. econom...
U.S. Stock Futures Stagnant Despite Positive Jobless Claims and GDP
Why US Stock Futures Remain Stagnant Despite Positive Economic Indicators The current investment landscape is puzzling for many as US stock futures...
U.S. Trade Deficit Decreases As Businesses Anticipate Tariff Hikes
U.S. Trade Deficit Reaches Two-Year Low Amid Anticipated Tariff Hikes The recent announcement that the U.S. trade deficit has reached a two-year lo...
U.S. Stock Indices Rebound After Tech Stocks' Recent Decline
US Stock Indices Rebound: Understanding the Market Recovery The recent surge in the US stock market marks a significant upturn, with key indices su...
US Treasury Yields Increase Before Key Economic Data Release
How Treasury Yields Signal Market Expectations Ahead of Crucial Economic Data Release Treasury yields, often referred to as a barometer for the U.S...
U.S. GDP Growth to Slow Due to Tariffs and Immigration Policies
How Tariffs and Immigration Policies Influence U.S. GDP Growth in 2025 The U.S. GDP is a fundamental gauge of the country's economic health. Recent...
Related Trends
Liabilities: Deposits: Deposits with Federal Reserve Banks, other than Reserve Balances
LDDFRB
Liabilities: Other Liabilities: Due to Other Federal Reserve Banks, Collection Items, Deferred Availability Items
LOLDOFRB
Repurchase Agreements: Mortgage-Backed Securities Purchased by the Federal Reserve in the Temporary Open Market Operations
RPMBSD
Assets: Securities Held Outright: U.S. Treasury Securities: Notes and Bonds, Inflation-Indexed: Wednesday Level
WSHONBIIL
Liabilities and Capital: Liabilities: Deposits: Other: Change in Week Average from Year Ago Week Average
RESPPLLDOXAWXCH52NWW
Assets: Liquidity and Credit Facilities: Loans: Primary Credit: Change in Week Average from Previous Week Average
RESPPALDPXAWXCH1NWW
Citation
U.S. Federal Reserve, Liabilities: Other Liabilities: Government Franchise Tax [LOLGFT], retrieved from FRED.
Last Checked: 8/1/2025