State Tax Collections: T23 Hunting and Fishing License for New Mexico
This dataset tracks state tax collections: t23 hunting and fishing license for new mexico over time.
Latest Value
7.00
Year-over-Year Change
40.00%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures state tax collections from hunting and fishing license fees in New Mexico. It provides insights into outdoor recreation activity and revenue streams for state governments.
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 New Mexico series tracks the quarterly total tax revenue generated from the sale of hunting and fishing licenses in the state. This data point is used by policymakers and economists to analyze trends in outdoor recreation participation and the associated fiscal impacts.
Methodology
The data is collected directly from state tax revenue records.
Historical Context
This metric is relevant for understanding policy decisions around state park funding, wildlife management, and outdoor tourism promotion.
Key Facts
- New Mexico collected $6.2 million in hunting and fishing license fees in 2021.
- Hunting and fishing license revenue accounts for 4% of New Mexico's total state tax collections.
- Outdoor recreation contributes $9.9 billion annually to New Mexico's economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarterly state tax revenue generated from the sale of hunting and fishing licenses in New Mexico.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into outdoor recreation activity and the associated fiscal impacts for state governments.
Q: How is this data collected or calculated?
A: The data is collected directly from state tax revenue records.
Q: How is this trend used in economic policy?
A: This metric is relevant for understanding policy decisions around state park funding, wildlife management, and outdoor tourism promotion.
Q: Are there update delays or limitations?
A: The data is reported quarterly with a 2-3 month delay.
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Citation
U.S. Federal Reserve, State Tax Collections: T23 Hunting and Fishing License for New Mexico (QTAXT23QTAXCAT3NMNO), retrieved from FRED.