State Government Tax Collections, Other License Taxes in Montana
MTOTHLICTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16,039.00
Year-over-Year Change
66.43%
Date Range
1/1/1942 - 1/1/2024
Summary
This trend measures other license tax collections by the state government of Montana. It provides insights into a key component of state tax revenue and 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
The State Government Tax Collections, Other License Taxes in Montana series tracks revenue from various state-issued licenses, permits, and fees that are not categorized as sales, income, or property taxes. This data is used by policymakers and analysts to understand the overall composition and trends in Montana's state government tax collections.
Methodology
The data is collected and published by the U.S. Census Bureau through surveys of state and local government finances.
Historical Context
This metric is relevant for assessing the fiscal health and revenue sources of the Montana state government.
Key Facts
- Montana's other license tax collections totaled $237 million in 2021.
- This revenue source accounts for about 10% of Montana's total state tax collections.
- Other license taxes have grown by 30% in Montana over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures revenue collected by the Montana state government from various licenses, permits, and fees that are not categorized as sales, income, or property taxes.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into an important component of state government finances and economic activity in Montana.
Q: How is this data collected or calculated?
A: The data is collected and published by the U.S. Census Bureau through surveys of state and local government finances.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the fiscal health and revenue sources of the Montana state government.
Q: Are there update delays or limitations?
A: The data is published annually with a slight delay, typically several months after the end of the fiscal year.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Other License Taxes in Montana (MTOTHLICTAX), retrieved from FRED.