State Tax Collections: T28 Occupation and Business License, Not Elsewhere Classified for Delaware
QTAXT28QTAXCAT3DENO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
33.00
Year-over-Year Change
37.50%
Date Range
1/1/1994 - 4/1/2025
Summary
This economic trend measures occupation and business license tax collections in Delaware, providing insights into the state's economic activity and tax 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 Delaware series tracks tax revenue generated from various business and occupational activities within the state. This data is a key indicator of economic conditions and can inform policy decisions.
Methodology
The data is collected by the U.S. Census Bureau through state tax revenue reporting.
Historical Context
Policymakers and analysts use this metric to assess Delaware's economic climate and the impact of tax policies on businesses.
Key Facts
- Delaware's occupation and business license tax collections were $31.9 million in 2021.
- This tax category represents 2.7% of Delaware's total tax revenue.
- Tax collections in this category have increased by 12.7% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures occupation and business license tax collections in the state of Delaware, providing insights into the state's economic activity and tax revenue sources.
Q: Why is this trend relevant for users or analysts?
A: This metric is relevant for understanding Delaware's economic climate and evaluating the impact of tax policies on businesses operating in the state.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through state tax revenue reporting.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the state's economic conditions and inform decisions related to tax policies and business regulations.
Q: Are there update delays or limitations?
A: This data is published quarterly with a typical delay of 3-6 months.
Related Trends
Average Duration (in Quarters) from Business Application to Formation Within Four Quarters: Total for All NAICS in Delaware
BFDUR4QTOTALNSADE
Regional Price Parities: Goods: Nonmetropolitan Portion for Delaware
DENMPRPPGOOD
All Employees: Financial Activities: Insurance Carriers and Related Activities in Delaware
SMU10000005552400001
Housing Inventory: Median Home Size in Square Feet in Delaware
MEDSQUFEEDE
Value of Exports to Switzerland from Delaware
DECHEA052SCEN
Other Deposits in All Commercial Banks in Delaware
X08IOACBODE
Citation
U.S. Federal Reserve, State Tax Collections: T28 Occupation and Business License, Not Elsewhere Classified for Delaware (QTAXT28QTAXCAT3DENO), retrieved from FRED.