State Tax Collections: T28 Occupation and Business License, Not Elsewhere Classified for California
This dataset tracks state tax collections: t28 occupation and business license, not elsewhere classified for california over time.
Latest Value
858.00
Year-over-Year Change
34.91%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures state tax collections in California related to occupation and business licenses that are not classified elsewhere. It provides insight into the state's business environment and revenue sources.
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 California series tracks taxes levied by the state on a range of occupational and business activities not captured in other categories. This data is used by economists and policymakers to analyze California's tax base and the health of its business sector.
Methodology
The data is collected and reported by the U.S. Census Bureau.
Historical Context
This trend is relevant for understanding California's fiscal conditions and the business climate.
Key Facts
- California collected $4.6 billion in T28 taxes in 2020.
- T28 taxes account for around 3% of California's total state tax revenue.
- T28 tax collections have grown at an average annual rate of 4.2% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures state tax collections in California related to occupation and business licenses that are not classified elsewhere, providing insight into the state's business environment and revenue sources.
Q: Why is this trend relevant for users or analysts?
A: This data is used by economists and policymakers to analyze California's tax base and the health of its business sector, which is important for understanding the state's fiscal conditions and business climate.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This trend is relevant for understanding California's fiscal conditions and the business climate, which is important for policymakers and analysts.
Q: Are there update delays or limitations?
A: The data is published regularly by the Census Bureau, but there may be some delays in reporting.
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Citation
U.S. Federal Reserve, State Tax Collections: T28 Occupation and Business License, Not Elsewhere Classified for California (QTAXT28QTAXCAT3CANO), retrieved from FRED.