State Tax Collections: T23 Hunting and Fishing License for Florida
This dataset tracks state tax collections: t23 hunting and fishing license for florida over time.
Latest Value
7.00
Year-over-Year Change
40.00%
Date Range
1/1/1994 - 1/1/2025
Summary
The 'State Tax Collections: T23 Hunting and Fishing License for Florida' trend measures revenue generated from the sale of hunting and fishing licenses in Florida. This data is crucial for understanding recreational activity and natural resource management in 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
This series tracks the quarterly tax collections from hunting and fishing licenses sold in Florida. It provides insight into the level of recreational activity and wildlife conservation efforts in the state. Policymakers and wildlife agencies use this data to inform regulation, budgeting, and natural resource management decisions.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state and local government tax collection agencies.
Historical Context
This trend is used by economists, policymakers, and natural resource managers to assess the demand for outdoor recreation and inform policies around license fees, wildlife conservation, and related economic activities.
Key Facts
- Florida generates over $50 million annually from hunting and fishing license sales.
- Hunting and fishing license fees fund state wildlife conservation efforts.
- Outdoor recreation contributes over $58 billion to Florida's economy each year.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarterly tax revenue generated from the sale of hunting and fishing licenses in the state of Florida.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the level of recreational activity and demand for outdoor resources in Florida, which is important for informing policy, budgeting, and management decisions around wildlife conservation and natural resource utilization.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of state and local government tax collection agencies.
Q: How is this trend used in economic policy?
A: Policymakers, wildlife agencies, and economists use this data to assess the demand for outdoor recreation, inform license fee structures, and guide natural resource management and conservation efforts in Florida.
Q: Are there update delays or limitations?
A: The data is reported quarterly, with a typical 3-month lag between the end of the reference period and the public release of the information.
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Citation
U.S. Federal Reserve, State Tax Collections: T23 Hunting and Fishing License for Florida (QTAXT23QTAXCAT3FLNO), retrieved from FRED.