State Tax Collections: T28 Occupation and Business License, Not Elsewhere Classified for Idaho
This dataset tracks state tax collections: t28 occupation and business license, not elsewhere classified for idaho over time.
Latest Value
32.00
Year-over-Year Change
3.23%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures state tax collections related to occupation and business licenses in Idaho that are not classified elsewhere. It provides insight into a key component of state government revenue.
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 Idaho series tracks tax revenue from business and occupational licenses in the state that do not fit into other defined tax categories. This data is used by economists and policymakers to analyze the broader state tax environment and inform fiscal policy decisions.
Methodology
The data is collected and reported by the U.S. Census Bureau's Quarterly Summary of State and Local Government Tax Revenue.
Historical Context
This trend is relevant for understanding the overall tax burden and fiscal health of the Idaho state government.
Key Facts
- Idaho collected $12.3 million in T28 occupation and business license taxes in Q4 2022.
- This represented 1.7% of Idaho's total state tax revenue that quarter.
- T28 taxes have grown by 6.1% annually in Idaho over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend tracks state tax revenue in Idaho from occupation and business licenses that are not classified into other specific tax categories.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into a key component of state government revenue and the broader tax environment in Idaho, which is useful for economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau's Quarterly Summary of State and Local Government Tax Revenue.
Q: How is this trend used in economic policy?
A: This trend is relevant for understanding the fiscal health and policy decisions of the Idaho state government.
Q: Are there update delays or limitations?
A: The data is published quarterly with a short lag, providing timely information on this revenue source.
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Citation
U.S. Federal Reserve, State Tax Collections: T28 Occupation and Business License, Not Elsewhere Classified for Idaho (QTAXT28QTAXCAT3IDNO), retrieved from FRED.