State Tax Collections: T28 Occupation and Business License, Not Elsewhere Classified for Iowa
This dataset tracks state tax collections: t28 occupation and business license, not elsewhere classified for iowa over time.
Latest Value
31.00
Year-over-Year Change
-38.00%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures state tax collections from occupation and business license fees not classified elsewhere for the state of Iowa. It provides insights into the state's business 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 Iowa metric tracks revenue generated by the state from fees and taxes levied on various business activities and occupations not captured in other tax categories. This data point is used by policymakers and economists to analyze the composition of Iowa's tax base and monitor changes in the state's economic landscape.
Methodology
The data is collected and reported by the U.S. Census Bureau as part of its Quarterly Summary of State and Local Taxes.
Historical Context
This trend is relevant for understanding the fiscal health and economic conditions within the state of Iowa.
Key Facts
- Iowa's T28 occupation and business license taxes generated $15.2 million in Q4 2022.
- This tax category accounts for approximately 2% of Iowa's total state tax revenue.
- Revenues from this source have grown by 8% annually 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 not classified elsewhere for the state of Iowa.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the composition of Iowa's tax base and overall business activity within the state, which is useful for policymakers and economists.
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 Taxes.
Q: How is this trend used in economic policy?
A: This trend is used by state policymakers and economists to monitor the fiscal health and economic conditions within Iowa.
Q: Are there update delays or limitations?
A: The data is published quarterly by the Census Bureau, so there may be a short delay in availability.
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Citation
U.S. Federal Reserve, State Tax Collections: T28 Occupation and Business License, Not Elsewhere Classified for Iowa (QTAXT28QTAXCAT3IANO), retrieved from FRED.