State Tax Collections: T28 Occupation and Business License, Not Elsewhere Classified for Arkansas
QTAXT28QTAXCAT3ARNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
32.00
Year-over-Year Change
-8.57%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures occupation and business license tax collections in Arkansas, excluding any categories not elsewhere classified. It provides insights into the state's tax revenue from various business activities.
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: T28 Occupation and Business License, Not Elsewhere Classified for Arkansas tracks the revenue collected by the state government from taxes on occupations and business licenses that do not fall into other defined categories. This metric is useful for policymakers and economists to analyze the economic activity and tax base in Arkansas.
Methodology
The data is collected and reported by the U.S. Census Bureau through their Quarterly Summary of State and Local Tax Revenue program.
Historical Context
This economic indicator is relevant for understanding the overall tax environment and business climate in Arkansas.
Key Facts
- Arkansas collected $7.8 million in occupation and business license taxes in Q4 2022.
- This metric has shown a 3.2% annual increase over the past year.
- Occupation and business license taxes account for approximately 2.5% of Arkansas's total state tax revenue.
FAQs
Q: What does this economic trend measure?
A: This trend measures the tax revenue collected by the state of Arkansas on occupations and business licenses that are not classified into other specific tax categories.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the overall business and economic activity in Arkansas, as occupation and business license taxes are an important source of state tax revenue.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through their Quarterly Summary of State and Local Tax Revenue program.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this indicator to analyze the tax environment and business climate in Arkansas, which can inform economic development strategies and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is reported quarterly, with a typical 3-month lag between the end of the quarter and the data release.
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Citation
U.S. Federal Reserve, State Tax Collections: T28 Occupation and Business License, Not Elsewhere Classified for Arkansas (QTAXT28QTAXCAT3ARNO), retrieved from FRED.