State Tax Collections: T28 Occupation and Business License, Not Elsewhere Classified for Texas
This dataset tracks state tax collections: t28 occupation and business license, not elsewhere classified for texas over time.
Latest Value
160.00
Year-over-Year Change
-4.76%
Date Range
1/1/1994 - 1/1/2025
Summary
This trend measures state tax collections from occupation and business license taxes in Texas, excluding categories classified elsewhere. It provides insight into business activity and economic conditions 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 Texas series tracks revenue from taxes on various business-related activities and licenses in Texas. This data is used by economists and policymakers to analyze trends in the state's economic environment and business climate.
Methodology
The data is collected and reported by the U.S. Census Bureau based on state government tax collections.
Historical Context
This metric is relevant for assessing the overall business and economic climate in Texas.
Key Facts
- Texas is the second-largest state economy in the U.S.
- This tax category excludes broader business income taxes
- Collections can fluctuate with changes in business activity
FAQs
Q: What does this economic trend measure?
A: This trend measures state tax collections from occupation and business license taxes in Texas, excluding categories classified elsewhere.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into business activity and economic conditions in Texas, which is a key state for the national economy.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau based on state government tax collections.
Q: How is this trend used in economic policy?
A: This metric is relevant for assessing the overall business and economic climate in Texas, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedule and methodologies of the U.S. Census Bureau.
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Citation
U.S. Federal Reserve, State Tax Collections: T28 Occupation and Business License, Not Elsewhere Classified for Texas (QTAXT28QTAXCAT3TXNO), retrieved from FRED.