State Tax Collections: T23 Hunting and Fishing License for Wyoming
This dataset tracks state tax collections: t23 hunting and fishing license for wyoming over time.
Latest Value
1.00
Year-over-Year Change
0.00%
Date Range
1/1/1994 - 1/1/2025
Summary
The 'State Tax Collections: T23 Hunting and Fishing License for Wyoming' trend measures the total tax revenue generated from hunting and fishing licenses in the state of Wyoming. This metric provides insight into outdoor recreation activity and its economic impact.
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 economic trend represents the total revenue collected by the state of Wyoming from the sale of hunting and fishing licenses. It is an important indicator of the level of outdoor recreation participation and wildlife management funding in the state.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state tax authorities.
Historical Context
This trend is used by policymakers and economists to analyze the recreational economy and inform wildlife conservation efforts.
Key Facts
- Wyoming generates over $30 million annually from hunting and fishing licenses.
- Hunting and fishing contribute over $1 billion to Wyoming's economy each year.
- License sales fund critical wildlife conservation and management programs in the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total tax revenue collected by the state of Wyoming 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 recreation participation and its economic impact in Wyoming, which is important for policymakers and wildlife managers.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of state tax authorities.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and economists to analyze the recreational economy and inform wildlife conservation efforts in Wyoming.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, and may not capture all license revenue due to reporting differences across states.
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Citation
U.S. Federal Reserve, State Tax Collections: T23 Hunting and Fishing License for Wyoming (QTAXT23QTAXCAT3WYNO), retrieved from FRED.