State Tax Collections: T28 Occupation and Business License, Not Elsewhere Classified for Minnesota
QTAXT28QTAXCAT3MNNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
72.00
Year-over-Year Change
-5.26%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures state tax collections from occupation and business license taxes in Minnesota that are not classified elsewhere. It provides insight into state revenue streams and the overall business climate.
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 Minnesota metric tracks state-level tax revenue from specific business and occupational licensing fees in Minnesota. This data offers economists and policymakers visibility into the state's economic conditions and tax base.
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 used to monitor Minnesota's economic performance and inform state tax and fiscal policy decisions.
Key Facts
- Minnesota collects over $100 million annually in occupation and business license taxes.
- This revenue source accounts for roughly 3% of the state's total tax collections.
- Trends in this metric reflect changes in Minnesota's business climate and economic activity.
FAQs
Q: What does this economic trend measure?
A: This trend measures state tax collections from occupation and business license fees in Minnesota that are not classified elsewhere.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into Minnesota's state revenue streams and overall business climate, making it relevant for economists, policymakers, and those analyzing the state's economic conditions.
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 metric is used to monitor Minnesota's economic performance and inform state tax and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly by the U.S. Census Bureau, so there may be a delay of several months before the latest figures are available.
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Citation
U.S. Federal Reserve, State Tax Collections: T28 Occupation and Business License, Not Elsewhere Classified for Minnesota (QTAXT28QTAXCAT3MNNO), retrieved from FRED.