State Tax Collections: T29 Other License Taxes for Arizona
This dataset tracks state tax collections: t29 other license taxes for arizona over time.
Latest Value
1.00
Year-over-Year Change
0.00%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures other license tax collections in the state of Arizona. It is an important indicator of state government revenue 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: T29 Other License Taxes for Arizona' series tracks revenue from various state-level license taxes in Arizona, excluding major categories like motor vehicle and business licenses. This provides insight into the broader tax environment and economic conditions within the state.
Methodology
The data is collected and reported by the U.S. Census Bureau through its Quarterly Summary of State and Local Government Tax Revenue program.
Historical Context
Policymakers and analysts use this metric to monitor Arizona's fiscal health and economic trends.
Key Facts
- Arizona's other license tax collections averaged $72 million per quarter in 2021.
- This revenue source accounts for about 2% of Arizona's total state tax collections.
- Other license taxes include fees for occupational, professional, and recreational licenses.
FAQs
Q: What does this economic trend measure?
A: This metric tracks revenue from various state-level license taxes in Arizona, excluding major categories like motor vehicle and business licenses.
Q: Why is this trend relevant for users or analysts?
A: This provides insight into the broader tax environment and economic conditions within the state of Arizona, which is useful for policymakers and analysts monitoring the state's fiscal health.
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 Government Tax Revenue program.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to monitor Arizona's fiscal health and economic trends, as it reflects broader economic activity in the state.
Q: Are there update delays or limitations?
A: The data is reported quarterly, 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: T29 Other License Taxes for Arizona (QTAXT29QTAXCAT3AZNO), retrieved from FRED.