State Tax Collections: T29 Other License Taxes for Wyoming
This dataset tracks state tax collections: t29 other license taxes for wyoming 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 Wyoming' trend measures collections from a range of state-level license taxes in Wyoming, providing insight into economic activity and government revenue.
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 Wyoming's 'Other License Taxes' category, which includes taxes on various professional, business, and personal licenses. It is a key indicator of economic trends and government financial conditions in the state.
Methodology
The data is collected directly from the Wyoming Department of Revenue's tax collection records.
Historical Context
Policymakers use this metric to assess Wyoming's fiscal health and economic performance.
Key Facts
- Wyoming has no personal income tax.
- License taxes contribute around 5% of Wyoming's total state tax revenue.
- Other License Taxes include fees for professional, vehicle, and recreational licenses.
FAQs
Q: What does this economic trend measure?
A: This trend measures revenue collected from a variety of state-level license taxes in Wyoming, including professional, business, and personal licenses.
Q: Why is this trend relevant for users or analysts?
A: The 'Other License Taxes' metric provides insight into economic activity and government finances in Wyoming, making it a useful indicator for policymakers and analysts.
Q: How is this data collected or calculated?
A: The data is collected directly from tax collection records maintained by the Wyoming Department of Revenue.
Q: How is this trend used in economic policy?
A: Policymakers use this metric to assess Wyoming's fiscal health and the performance of its economy, which informs budgeting and policy decisions.
Q: Are there update delays or limitations?
A: There may be lags of several months in the availability of the most recent data, as it must be compiled and reported by the state government.
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Citation
U.S. Federal Reserve, State Tax Collections: T29 Other License Taxes for Wyoming (QTAXT29QTAXCAT3WYNO), retrieved from FRED.