State Government Tax Collections, Total License Taxes in Montana
MTTLLICTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
527,073.00
Year-over-Year Change
67.02%
Date Range
1/1/1942 - 1/1/2024
Summary
This trend measures total license tax collections by the state government of Montana. It provides insights into Montana's fiscal health and the broader economic activity within the state.
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 Montana metric tracks the revenue generated from various licensing fees and charges collected by the state government. This data is used by economists and policymakers to analyze Montana's economic conditions and the state's ability to fund public services.
Methodology
The data is collected and calculated by the U.S. Census Bureau through surveys of state government finances.
Historical Context
License tax collections are an important indicator of business activity and consumer spending in Montana, which can inform economic and fiscal policy decisions.
Key Facts
- Montana's total license tax collections were $213 million in 2021.
- License taxes account for approximately 5% of Montana's total state tax revenue.
- Montana's license tax collections have grown by 12% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total amount of license taxes collected by the state government of Montana. License taxes include fees and charges for various licenses, permits, and registrations.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into Montana's economic activity and the state government's fiscal health. It can be used to analyze business conditions, consumer spending, and the state's ability to fund public services.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau through surveys of state government finances.
Q: How is this trend used in economic policy?
A: License tax collections are an important indicator of economic conditions in Montana, which can inform fiscal policy decisions and budgeting at the state level.
Q: Are there update delays or limitations?
A: The data is published with a lag, typically several months after the end of the reference period. There may also be revisions to previously reported figures.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Total License Taxes in Montana (MTTLLICTAX), retrieved from FRED.