State Tax Collections: T29 Other License Taxes for Montana
QTAXT29QTAXCAT3MTNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.00
Year-over-Year Change
28.57%
Date Range
1/1/1994 - 1/1/2025
Summary
The 'State Tax Collections: T29 Other License Taxes for Montana' trend measures a component of total state tax revenue in Montana, specifically license taxes not classified elsewhere.
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 series tracks revenue from other license taxes levied by the state of Montana, providing insight into a key source of state government funding beyond major categories like sales, income, and property taxes.
Methodology
The data is collected by the U.S. Census Bureau through annual surveys of state government finance.
Historical Context
Monitoring trends in state tax collections, including niche categories like other license taxes, helps policymakers and analysts assess the fiscal health and revenue sources of state governments.
Key Facts
- Montana collects over $100 million annually in other license taxes.
- Other license taxes account for around 5% of total state tax revenue in Montana.
- This tax category includes fees for professional licenses, vehicle registrations, and more.
FAQs
Q: What does this economic trend measure?
A: This trend measures revenue from other license taxes collected by the state of Montana, which includes fees for professional licenses, vehicle registrations, and more.
Q: Why is this trend relevant for users or analysts?
A: Monitoring trends in state tax collections, including niche categories like other license taxes, helps policymakers and analysts assess the fiscal health and revenue sources of state governments.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through annual surveys of state government finance.
Q: How is this trend used in economic policy?
A: This trend provides insights into a key source of state government funding in Montana, which can inform policymakers and analysts assessing the state's fiscal health and revenue composition.
Q: Are there update delays or limitations?
A: The data is published annually with a several-month delay, so it may not reflect the most recent quarter or year.
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Citation
U.S. Federal Reserve, State Tax Collections: T29 Other License Taxes for Montana (QTAXT29QTAXCAT3MTNO), retrieved from FRED.