State Tax Collections: T23 Hunting and Fishing License for Utah
This dataset tracks state tax collections: t23 hunting and fishing license for utah over time.
Latest Value
10.00
Year-over-Year Change
0.00%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures the total state tax collections from hunting and fishing licenses in Utah. It provides insights into outdoor recreation activity and related state revenue generation.
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 Utah series tracks the total tax revenue the state of Utah collects from the sale of hunting and fishing licenses. This data point is used by economists and policymakers to analyze trends in outdoor recreation and assess the fiscal impact on state budgets.
Methodology
The data is collected by the U.S. Census Bureau through state-level tax revenue reporting.
Historical Context
This economic indicator is relevant for understanding the role of outdoor recreation in Utah's economy and informing policy decisions around wildlife management and tourism promotion.
Key Facts
- Utah collected $32.4 million in hunting and fishing license taxes in 2021.
- License sales account for approximately 3% of Utah's total state tax revenue.
- Outdoor recreation generates over $12 billion in annual consumer spending in Utah.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total state tax revenue collected from the sale of hunting and fishing licenses in Utah.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the scale and trends of outdoor recreation activity in Utah, which is an important component of the state's economy and tax base.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through state-level tax revenue reporting.
Q: How is this trend used in economic policy?
A: This indicator is used by policymakers and economists to assess the fiscal impact of outdoor recreation, inform wildlife management decisions, and guide tourism promotion strategies.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately 3 months.
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Citation
U.S. Federal Reserve, State Tax Collections: T23 Hunting and Fishing License for Utah (QTAXT23QTAXCAT3UTNO), retrieved from FRED.