State Tax Collections: T28 Occupation and Business License, Not Elsewhere Classified for Utah
This dataset tracks state tax collections: t28 occupation and business license, not elsewhere classified for utah over time.
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures state tax collections for occupation and business license taxes in Utah, excluding other categories. It provides insight into the state's business and economic activity.
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 Utah series tracks revenue from state taxes on business licenses and occupational fees in Utah. This metric is used by economists and policymakers to analyze the overall business climate and economic conditions within the state.
Methodology
The data is collected and reported by the U.S. Census Bureau through surveys of state government finances.
Historical Context
This trend is relevant for understanding Utah's economic policies and the health of its business sector.
Key Facts
- Utah's T28 tax collections totaled $304 million in 2021.
- This category accounts for 7% of Utah's total state tax revenue.
- Occupation and business license taxes have increased by 24% in Utah over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures state tax collections in Utah for occupation and business license fees, excluding other tax categories.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the business climate and economic activity within the state of Utah.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through surveys of state government finances.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to analyze Utah's business environment and inform economic development strategies.
Q: Are there update delays or limitations?
A: There is typically a 6-9 month delay in the reporting of this data by the Census Bureau.
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Citation
U.S. Federal Reserve, State Tax Collections: T28 Occupation and Business License, Not Elsewhere Classified for Utah (QTAXT28QTAXCAT3UTNO), retrieved from FRED.