State Government Tax Collections, Total License Taxes in Mississippi
MSTLLICTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
631,900.00
Year-over-Year Change
21.99%
Date Range
1/1/1942 - 1/1/2024
Summary
This economic trend measures total license tax collections by the state government of Mississippi. It provides insight into a key revenue source for state governments and can inform policymaking and fiscal analysis.
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, Total License Taxes in Mississippi series tracks the total amount of tax revenue collected by the Mississippi state government from various licensing fees and taxes. This metric is important for understanding the state's fiscal health and the relative importance of different revenue streams.
Methodology
The data is collected through surveys of state and local governments by the U.S. Census Bureau.
Historical Context
This metric is used by economists, policymakers, and analysts to assess Mississippi's economic and fiscal conditions.
Key Facts
- Mississippi collected $582 million in total license taxes in 2021.
- License taxes account for about 7% of Mississippi's state government tax revenue.
- Total license tax collections in Mississippi have grown by 18% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total amount of license tax revenue collected by the state government of Mississippi, including fees for various licenses and permits.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into a key revenue source for the Mississippi state government and can inform fiscal policy and economic analysis of the state.
Q: How is this data collected or calculated?
A: The data is collected through surveys of state and local governments by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess Mississippi's fiscal health and the relative importance of different revenue streams for the state government.
Q: Are there update delays or limitations?
A: The data is published annually with a lag of several months, so there may be delays in accessing the most recent information.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Total License Taxes in Mississippi (MSTLLICTAX), retrieved from FRED.