State Tax Collections: T28 Occupation and Business License, Not Elsewhere Classified for Ohio
This dataset tracks state tax collections: t28 occupation and business license, not elsewhere classified for ohio over time.
Latest Value
322.00
Year-over-Year Change
15.41%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures the total state tax collections for occupation and business license taxes not elsewhere classified for the state of Ohio. It provides insight into the tax revenue generated from various business activities and occupations in the state.
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 Ohio series represents the total tax revenue collected by the state government from various types of business-related taxes and license fees. This data is used by economists and policymakers to analyze the economic health and business climate within Ohio.
Methodology
The data is collected and reported by the U.S. Census Bureau through its Quarterly Summary of State and Local Tax Revenue program.
Historical Context
This economic trend is relevant for understanding the tax burden on businesses and occupations in Ohio, which can inform state-level policy decisions.
Key Facts
- Ohio collects over $1 billion annually in occupation and business license taxes.
- This tax category accounts for approximately 5% of Ohio's total state tax revenue.
- The trend has shown modest growth over the past decade, reflecting changes in Ohio's business environment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total state tax collections for occupation and business license taxes not elsewhere classified for the state of Ohio.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the tax burden on businesses and occupations in Ohio, which can inform state-level policy decisions and analysis of the state's economic climate.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through its Quarterly Summary of State and Local Tax Revenue program.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze the business environment and tax burden in Ohio, which can inform decisions about state-level economic policies and regulations.
Q: Are there update delays or limitations?
A: The data is published quarterly, and there may be a short delay in the most recent quarter's figures being available.
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Citation
U.S. Federal Reserve, State Tax Collections: T28 Occupation and Business License, Not Elsewhere Classified for Ohio (QTAXT28QTAXCAT3OHNO), retrieved from FRED.