State Tax Collections: T29 Other License Taxes for Hawaii
This dataset tracks state tax collections: t29 other license taxes for hawaii over time.
Latest Value
4.00
Year-over-Year Change
0.00%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures other license tax collections by the state government of Hawaii. It provides insights into the state's tax revenue from sources beyond traditional income and sales taxes.
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 Hawaii' series tracks revenue generated by the state of Hawaii from various licensing fees and taxes, excluding major sources like personal income, corporate, and sales taxes. This data offers a more comprehensive view of the state's overall tax collections.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state government tax agencies.
Historical Context
This metric is useful for policymakers and analysts examining Hawaii's fiscal health and revenue composition.
Key Facts
- Hawaii's other license tax collections totaled $163 million in 2021.
- This revenue source accounts for around 3% of Hawaii's total state tax collections.
- Other license taxes in Hawaii include fees for professional licenses, motor vehicle registrations, and various business permits.
FAQs
Q: What does this economic trend measure?
A: The 'State Tax Collections: T29 Other License Taxes for Hawaii' series tracks revenue generated by the state of Hawaii from various licensing fees and taxes, excluding major sources like personal income, corporate, and sales taxes.
Q: Why is this trend relevant for users or analysts?
A: This metric offers a more comprehensive view of Hawaii's overall tax collections and fiscal health, beyond just the major tax categories.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of state government tax agencies.
Q: How is this trend used in economic policy?
A: This metric is useful for policymakers and analysts examining Hawaii's fiscal health and revenue composition.
Q: Are there update delays or limitations?
A: The data is published quarterly with a delay of several months.
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Citation
U.S. Federal Reserve, State Tax Collections: T29 Other License Taxes for Hawaii (QTAXT29QTAXCAT3HINO), retrieved from FRED.