State Tax Collections: T23 Hunting and Fishing License for Wisconsin
This dataset tracks state tax collections: t23 hunting and fishing license for wisconsin over time.
Latest Value
14.00
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 Wisconsin' trend measures the tax revenue generated from hunting and fishing licenses in the state of Wisconsin. This metric is important for economists and policymakers to understand recreational activity and related state budgets.
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 tax revenue received by the state of Wisconsin from the sale of hunting and fishing licenses. It provides insight into the level of recreational activity in the state and can inform policy decisions around conservation, wildlife management, and revenue generation.
Methodology
The data is collected and reported by the U.S. Census Bureau as part of their Quarterly Summary of State and Local Government Tax Revenue program.
Historical Context
Trends in hunting and fishing license tax collections are used by state governments, economists, and industry analysts to assess outdoor recreation activity and its impact on state budgets.
Key Facts
- Wisconsin generates over $30 million annually from hunting and fishing license taxes.
- Hunting and fishing license fees fund state wildlife conservation efforts.
- Recreational activity has increased in Wisconsin in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the tax revenue collected by the state of Wisconsin from the sale of hunting and fishing licenses.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the level of outdoor recreational activity in Wisconsin and can inform policy decisions around conservation, wildlife management, and state budgets.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau as part of their Quarterly Summary of State and Local Government Tax Revenue program.
Q: How is this trend used in economic policy?
A: Trends in hunting and fishing license tax collections are used by state governments, economists, and industry analysts to assess outdoor recreation activity and its impact on state budgets.
Q: Are there update delays or limitations?
A: The data is published quarterly with a typical 3-month lag, so it may not reflect the most recent activity.
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Citation
U.S. Federal Reserve, State Tax Collections: T23 Hunting and Fishing License for Wisconsin (QTAXT23QTAXCAT3WINO), retrieved from FRED.