State Tax Collections: T29 Other License Taxes for Colorado
This dataset tracks state tax collections: t29 other license taxes for colorado over time.
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
1/1/1994 - 1/1/2025
Summary
The 'State Tax Collections: T29 Other License Taxes for Colorado' measures the revenue generated by other license taxes in Colorado's state tax system.
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
This economic trend provides insight into Colorado's tax collections from various licensing fees and charges, excluding major categories like sales, income, and property taxes. It serves as an indicator of economic activity and policy changes that impact the state's revenue sources.
Methodology
The data is collected and reported by the U.S. Census Bureau through its Quarterly Summary of State and Local Government Tax Revenue survey.
Historical Context
Policymakers and analysts use this trend to evaluate Colorado's fiscal position and the impact of regulatory changes on state revenues.
Key Facts
- Colorado's other license tax collections totaled $276 million in 2021.
- This trend has grown at an average annual rate of 3.2% over the past decade.
- Other license taxes account for about 2.5% of Colorado's total state tax revenue.
FAQs
Q: What does this economic trend measure?
A: The 'State Tax Collections: T29 Other License Taxes for Colorado' measures the revenue generated by various licensing fees and charges in Colorado's state tax system, excluding major categories like sales, income, and property taxes.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into Colorado's fiscal position and the impact of regulatory changes on the state's revenue sources, which is valuable information for policymakers and economic analysts.
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 survey.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to evaluate Colorado's fiscal position and the impact of regulatory changes on state revenues.
Q: Are there update delays or limitations?
A: The data is reported quarterly, with a typical release delay of 3-4 months.
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Citation
U.S. Federal Reserve, State Tax Collections: T29 Other License Taxes for Colorado (QTAXT29QTAXCAT3CONO), retrieved from FRED.