State Tax Collections: T29 Other License Taxes for Oklahoma
This dataset tracks state tax collections: t29 other license taxes for oklahoma 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 other license tax collections in the state of Oklahoma. It is an important indicator of state government revenue and overall 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 Oklahoma data series tracks the revenue generated from various state-level licenses and fees, excluding motor vehicle and motor fuel taxes. This metric provides insight into the broader tax environment and fiscal health of the Oklahoma state government.
Methodology
The data is collected and reported by the U.S. Census Bureau through quarterly surveys of state tax collection agencies.
Historical Context
This trend is closely monitored by policymakers, economists, and financial analysts to assess Oklahoma's economic performance and revenue outlook.
Key Facts
- Oklahoma's other license tax collections totaled $283 million in 2021.
- This revenue stream accounts for approximately 5% of Oklahoma's total state tax collections.
- Other license taxes have grown by 15% in Oklahoma over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: The State Tax Collections: T29 Other License Taxes for Oklahoma series tracks revenue from various state-level licenses and fees in Oklahoma, excluding motor vehicle and motor fuel taxes.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the overall fiscal health and economic activity in the state of Oklahoma, as license fee collections are closely tied to broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through quarterly surveys of state tax collection agencies.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and financial analysts closely monitor this trend to assess Oklahoma's revenue outlook and overall economic performance.
Q: Are there update delays or limitations?
A: The data is reported on a quarterly basis, with a typical 3-month lag between the end of the quarter and the data release.
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Citation
U.S. Federal Reserve, State Tax Collections: T29 Other License Taxes for Oklahoma (QTAXT29QTAXCAT3OKNO), retrieved from FRED.