State Tax Collections: T23 Hunting and Fishing License for Missouri
QTAXT23QTAXCAT3MONO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.00
Year-over-Year Change
16.67%
Date Range
1/1/1994 - 1/1/2025
Summary
The 'State Tax Collections: T23 Hunting and Fishing License for Missouri' series measures the tax revenue generated from hunting and fishing license sales in the state of Missouri. This metric provides insight into outdoor recreation trends and the overall health of Missouri's wildlife management programs.
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 the sale of hunting, fishing, and other related licenses in the state of Missouri. It serves as an indicator of participation in outdoor activities and the efficacy of conservation funding programs within the state.
Methodology
The data is collected by the Missouri Department of Revenue through the processing of tax payments on hunting and fishing license sales.
Historical Context
Policymakers and wildlife management agencies use this metric to gauge the public's engagement with outdoor recreation and to inform decisions around license fees, conservation initiatives, and resource allocation.
Key Facts
- Missouri generates over $50 million annually from hunting and fishing license sales.
- Revenues from this tax support the Missouri Department of Conservation's wildlife management programs.
- Participation in outdoor recreation activities has increased in Missouri in recent years.
FAQs
Q: What does this economic trend measure?
A: This series measures the quarterly tax revenue generated from the sale of hunting, fishing, and related licenses in the state of Missouri.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the level of public engagement with outdoor recreation activities in Missouri, which is important for informing wildlife management policies and conservation funding decisions.
Q: How is this data collected or calculated?
A: The data is collected by the Missouri Department of Revenue through the processing of tax payments on hunting and fishing license sales.
Q: How is this trend used in economic policy?
A: Policymakers and wildlife management agencies use this metric to gauge public participation in outdoor recreation and to inform decisions around license fees, conservation initiatives, and resource allocation.
Q: Are there update delays or limitations?
A: The data is reported quarterly, with a slight delay in publication to allow for processing and reporting.
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Citation
U.S. Federal Reserve, State Tax Collections: T23 Hunting and Fishing License for Missouri (QTAXT23QTAXCAT3MONO), retrieved from FRED.