State Tax Collections: T28 Occupation and Business License, Not Elsewhere Classified for Georgia
QTAXT28QTAXCAT3GANO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
28.00
Year-over-Year Change
7.69%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend tracks state tax collections from occupation and business licenses in Georgia, excluding those classified elsewhere. It provides insights into the state's business environment and economic activity.
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 Georgia series measures the revenue the state of Georgia collects from certain business and occupation-related taxes. This data is used by economists and policymakers to analyze trends in Georgia's economic climate and business conditions.
Methodology
The data is collected and reported by the U.S. Census Bureau as part of its Quarterly Summary of State and Local Tax Revenue.
Historical Context
This metric is relevant for understanding Georgia's fiscal health and business climate, which can inform economic policy decisions.
Key Facts
- Georgia collected $258 million in occupation and business license taxes in 2021.
- This tax category accounts for around 3% of Georgia'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 the tax revenue the state of Georgia collects from occupation and business licenses, excluding those classified elsewhere.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into Georgia's business environment and economic activity, which is useful 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 as part of its Quarterly Summary of State and Local Tax Revenue.
Q: How is this trend used in economic policy?
A: This metric can inform decisions about Georgia's fiscal policies, business regulations, and economic development initiatives.
Q: Are there update delays or limitations?
A: The data is published quarterly by the Census Bureau, so there may be a delay of a few months between the end of the reporting period 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 Georgia (QTAXT28QTAXCAT3GANO), retrieved from FRED.