State Government Tax Collections, Taxes Not Elsewhere Classified in Montana
MTNOCLSTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14,651.00
Year-over-Year Change
298.99%
Date Range
1/1/1942 - 1/1/2024
Summary
The 'State Government Tax Collections, Taxes Not Elsewhere Classified in Montana' series measures a specific category of tax revenue collected by the state government of Montana. This data provides insight into the state's fiscal health and budgetary trends.
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 tracks a miscellaneous category of state taxes in Montana that do not fit into more well-defined classifications, such as income, sales, or property taxes. The data is used by economists and policymakers to analyze the overall tax burden and revenue sources for the state government.
Methodology
The data is collected and reported by the U.S. Census Bureau as part of their periodic state and local government finance surveys.
Historical Context
Trends in this tax category can inform state budget and fiscal policy decisions.
Key Facts
- This tax category includes revenue from licenses, fees, and other miscellaneous state levies.
- Montana's 'Taxes Not Elsewhere Classified' revenue totaled $104 million in 2021.
- This tax revenue represents around 3% of Montana's total state government tax collections.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks a specific category of tax revenue collected by the state government of Montana, including licenses, fees, and other miscellaneous state levies.
Q: Why is this trend relevant for users or analysts?
A: Trends in this tax category provide insight into the overall fiscal health and budgetary conditions of the Montana state government.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through periodic state and local government finance surveys.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to assess the state's tax burden, revenue sources, and fiscal policy considerations.
Q: Are there update delays or limitations?
A: The data is published periodically by the Census Bureau, so there may be some delay in the most recent figures becoming available.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Taxes Not Elsewhere Classified in Montana (MTNOCLSTAX), retrieved from FRED.