State Government Tax Collections, Hunting and Fishing Licenses in Maryland
MDHUNTLICTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19,613.00
Year-over-Year Change
23.68%
Date Range
1/1/1942 - 1/1/2024
Summary
This economic trend measures state government tax collections from hunting and fishing licenses in Maryland. It provides insights into recreational activity and related revenue for policymakers and analysts.
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 Maryland series tracks the total tax revenue generated by the state government from the sale of hunting and fishing licenses. This metric is used to analyze trends in outdoor recreation participation and associated fiscal impacts.
Methodology
The data is collected through reporting from Maryland's state government agencies.
Historical Context
This trend is relevant for understanding the economic drivers of recreational activities and their contribution to state budgets.
Key Facts
- Maryland collects tax revenue from the sale of hunting and fishing licenses.
- Outdoor recreation participation affects state government budgets.
- License sales data provides insights into trends in recreational activities.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total tax revenue collected by the state government of Maryland from the sale of hunting and fishing licenses.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into participation in outdoor recreational activities and their contribution to state government finances, which is useful for policymakers and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected through reporting from Maryland's state government agencies.
Q: How is this trend used in economic policy?
A: This trend is used to understand the economic drivers of recreational activities and their impact on state budgets, which can inform policy decisions related to outdoor recreation and taxation.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedules and methods of Maryland's state government agencies, which may result in update delays or other limitations.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Hunting and Fishing Licenses in Maryland (MDHUNTLICTAX), retrieved from FRED.