State Tax Collections: T28 Occupation and Business License, Not Elsewhere Classified for Florida
QTAXT28QTAXCAT3FLNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
67.00
Year-over-Year Change
8.06%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures state tax collections from occupation and business license fees in Florida, excluding other categories. It provides insight into business activity and government revenue generation.
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 Florida data series tracks tax revenue from miscellaneous business licenses and fees collected by the state government. It offers a view into the health of Florida's commercial sector and the state's fiscal position.
Methodology
The data is collected and reported by the U.S. Census Bureau through surveys of state-level tax authorities.
Historical Context
This metric is used by economists and policymakers to analyze Florida's economic conditions and assess the state's fiscal policy.
Key Facts
- Florida collected $1.2 billion in occupation and business license taxes in 2021.
- This tax category accounts for approximately 3% of Florida's total state tax revenue.
- Tax collections in this category have grown by 15% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures state tax collections from occupation and business license fees in Florida, excluding other tax categories.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the health of Florida's commercial sector and the state's fiscal position, which is relevant for economists, policymakers, and businesses operating in the state.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through surveys of state-level tax authorities.
Q: How is this trend used in economic policy?
A: This metric is used by economists and policymakers to analyze Florida's economic conditions and assess the state's fiscal policy.
Q: Are there update delays or limitations?
A: The data is reported quarterly with a delay of approximately 3 months.
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Citation
U.S. Federal Reserve, State Tax Collections: T28 Occupation and Business License, Not Elsewhere Classified for Florida (QTAXT28QTAXCAT3FLNO), retrieved from FRED.