State Tax Collections: T28 Occupation and Business License, Not Elsewhere Classified for Mississippi
QTAXT28QTAXCAT3MSNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
32.00
Year-over-Year Change
28.00%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures occupation and business license tax collections in Mississippi, providing insights into business activity and state government 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 Mississippi series tracks state-level tax revenue from various business-related fees and licenses. This data is used by economists and policymakers to analyze trends in economic activity and assess the fiscal health of state governments.
Methodology
The data is collected and reported quarterly by the U.S. Census Bureau.
Historical Context
Policymakers and analysts utilize this information to inform tax, regulatory, and economic development policies.
Key Facts
- Tax collections in this category were $24.4 million in Q4 2022.
- Collections have increased by 10% over the past year.
- This revenue stream accounts for 2.5% of Mississippi's total tax collections.
FAQs
Q: What does this economic trend measure?
A: This trend measures occupation and business license tax collections in the state of Mississippi, which provides insights into levels of business activity and state government revenue sources.
Q: Why is this trend relevant for users or analysts?
A: This data is relevant for economists, policymakers, and market analysts to understand trends in economic conditions and the fiscal health of state governments.
Q: How is this data collected or calculated?
A: The data is collected and reported quarterly by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this information to inform tax, regulatory, and economic development policies at the state level.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, so there may be a several-month delay between the end of the reporting period and the availability of the latest figures.
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Citation
U.S. Federal Reserve, State Tax Collections: T28 Occupation and Business License, Not Elsewhere Classified for Mississippi (QTAXT28QTAXCAT3MSNO), retrieved from FRED.