State Tax Collections: T23 Hunting and Fishing License for Maryland
This dataset tracks state tax collections: t23 hunting and fishing license for maryland over time.
Latest Value
2.00
Year-over-Year Change
0.00%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures revenue from hunting and fishing license sales in the state of Maryland. It provides insights into recreational activity and related tax income for state policymakers.
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 Tax Collections: T23 Hunting and Fishing License for Maryland series tracks quarterly state tax revenue from the sale of hunting and fishing licenses in Maryland. This data is used by economists and state officials to monitor trends in outdoor recreation and related tax generation.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state tax authorities.
Historical Context
This economic indicator is relevant for understanding state fiscal conditions and budgeting.
Key Facts
- Maryland collected $7.2 million in hunting and fishing license taxes in 2021.
- License sales make up about 2% of Maryland's total state tax revenue.
- Hunting and fishing generate over $1 billion in economic activity in Maryland annually.
FAQs
Q: What does this economic trend measure?
A: This trend measures quarterly state tax revenue from the sale of hunting and fishing licenses in Maryland.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into recreational activity levels and related tax income, which is useful for state policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of Maryland state tax authorities.
Q: How is this trend used in economic policy?
A: This indicator is relevant for understanding Maryland's fiscal conditions and informing state budgeting decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months.
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Citation
U.S. Federal Reserve, State Tax Collections: T23 Hunting and Fishing License for Maryland (QTAXT23QTAXCAT3MDNO), retrieved from FRED.