State Tax Collections: T29 Other License Taxes for Rhode Island
QTAXT29QTAXCAT3RINO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15.00
Year-over-Year Change
66.67%
Date Range
1/1/1994 - 1/1/2025
Summary
The 'State Tax Collections: T29 Other License Taxes for Rhode Island' series measures license tax revenue collected by the state of Rhode Island. This data is an important indicator of economic activity and state government funding sources.
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 data series tracks revenue from 'other license taxes' collected by the state government of Rhode Island. It provides insight into licensing fees and taxes on activities like professional occupations, motor vehicles, and businesses that contribute to the state's total tax collections.
Methodology
The data is collected directly from the Rhode Island state government's tax revenue reporting.
Historical Context
Policymakers and analysts use this data to understand Rhode Island's economic and fiscal conditions.
Key Facts
- Rhode Island collected $78.1 million in other license taxes in 2021.
- License tax revenue has grown by 25% in Rhode Island over the past 5 years.
- Other license taxes account for about 4% of Rhode Island's total state tax collections.
FAQs
Q: What does this economic trend measure?
A: The 'State Tax Collections: T29 Other License Taxes for Rhode Island' series measures revenue from license fees and taxes collected by the state government of Rhode Island.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into an important source of state government funding and economic activity in Rhode Island.
Q: How is this data collected or calculated?
A: The data is collected directly from Rhode Island state government tax revenue reporting.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to understand Rhode Island's fiscal conditions and economic performance.
Q: Are there update delays or limitations?
A: The data is published quarterly with a typical 3-month delay.
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Citation
U.S. Federal Reserve, State Tax Collections: T29 Other License Taxes for Rhode Island (QTAXT29QTAXCAT3RINO), retrieved from FRED.