State Government Tax Collections, Other License Taxes in Nebraska
NEOTHLICTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,208.00
Year-over-Year Change
N/A%
Date Range
1/1/1942 - 1/1/2024
Summary
This economic trend measures state government tax collections from other license taxes in Nebraska. It provides insights into a key revenue source for state governments and reflects 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 Nebraska' series tracks tax revenue collected by the state government from licenses, permits, and fees beyond those for motor vehicles. This data helps analyze the fiscal health and economic conditions within Nebraska.
Methodology
The data is collected and reported by the U.S. Census Bureau as part of their state and local government tax collections program.
Historical Context
This economic indicator is used by policymakers, analysts, and researchers to understand Nebraska's tax revenue sources and overall economic trends.
Key Facts
- Nebraska collected $222 million in other license taxes in 2021.
- Other license taxes account for around 5% of Nebraska's total state tax revenue.
- This revenue source has grown by 20% over the past 5 years in Nebraska.
FAQs
Q: What does this economic trend measure?
A: This trend measures state government tax collections from licenses, permits, and fees in Nebraska, excluding motor vehicle taxes.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into a key revenue source for state governments and reflects overall economic activity in Nebraska.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau as part of their state and local government tax collections program.
Q: How is this trend used in economic policy?
A: Policymakers, analysts, and researchers use this indicator to understand Nebraska's tax revenue sources and broader economic conditions.
Q: Are there update delays or limitations?
A: The data is reported annually with a delay of several months from the end of the fiscal year.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Other License Taxes in Nebraska (NEOTHLICTAX), retrieved from FRED.